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A Flow-of-Funds Perspective on the Financial CrisisDebt, Assets and Imbalances in the Euro Area: An Aggregate View

A Flow-of-Funds Perspective on the Financial Crisis: Debt, Assets and Imbalances in the Euro... [The recent developments in the euro area have shown how important it is that the various economic sectors pay attention to their financial positions, and particularly to the sustainability of their debt levels. The attention usually focuses on the government sector. Despite the Maastricht Treaty and the Stability and Growth Pact provisions, many euro area governments have not succeeded in reducing their gross debt to a level that can be considered sustainable, inter alia in the light of the financial crisis and the rising costs of population ageing.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Flow-of-Funds Perspective on the Financial CrisisDebt, Assets and Imbalances in the Euro Area: An Aggregate View

Part of the Palgrave Studies in Economics and Banking Book Series
Editors: Winkler, Bernhard; van Riet, Ad; Bull, Peter
Van Nieuwenhuyze, Christophe
A Flow-of-Funds Perspective on the Financial Crisis — Nov 24, 2015
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29 pages

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2014
ISBN
978-1-349-46946-8
Pages
230 –259
DOI
10.1057/9781137353016_8
Publisher site
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Abstract

[The recent developments in the euro area have shown how important it is that the various economic sectors pay attention to their financial positions, and particularly to the sustainability of their debt levels. The attention usually focuses on the government sector. Despite the Maastricht Treaty and the Stability and Growth Pact provisions, many euro area governments have not succeeded in reducing their gross debt to a level that can be considered sustainable, inter alia in the light of the financial crisis and the rising costs of population ageing.]

Published: Nov 24, 2015

Keywords: Euro Area; Public Debt; Debt Ratio; Government Debt; Debt Level

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