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A Financial Crisis ManualThe Repression of Financial Markets

A Financial Crisis Manual: The Repression of Financial Markets [In the years after the great financial crisis gross government debt in the developed world reached a 200-year high watermark1 of around 107% of GDP by 2014, according to IMF estimates; up from 72.5% in 2007. It is expected to remain close to this level in coming years. Over and above the officially recorded debt stock, governments are facing high future and contingent liabilities, such as underfunded social security and health care liabilities and loan guarantees, as has been illustrated for the United States by Hamilton (2013).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Financial Crisis ManualThe Repression of Financial Markets

Editors: Thomakos, Dimitrios D.; Monokroussos, Platon; Nikolopoulos, Konstantinos I.
A Financial Crisis Manual — Dec 21, 2015

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References (13)

Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) 2015
ISBN
978-1-137-44829-3
Pages
58 –80
DOI
10.1057/9781137448309_5
Publisher site
See Chapter on Publisher Site

Abstract

[In the years after the great financial crisis gross government debt in the developed world reached a 200-year high watermark1 of around 107% of GDP by 2014, according to IMF estimates; up from 72.5% in 2007. It is expected to remain close to this level in coming years. Over and above the officially recorded debt stock, governments are facing high future and contingent liabilities, such as underfunded social security and health care liabilities and loan guarantees, as has been illustrated for the United States by Hamilton (2013).]

Published: Dec 21, 2015

Keywords: Monetary Policy; Euro Area; Credit Spread; Monetary Policy Shock; European Banking Authority

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