Τρίτη, 22 Ιουνίου 2010
Τι θα συμβεί αν πτωχεύσουμε;
Ένα πολύ ενδιαφέρον και επίκαιρο άρθρο από τους οικονομολόγους Eduardo Borensztein και Ugo Panizza με χρήσιμες αναφορές στην πρόσφατη βιβλιογραφία και στην περίπτωση της Ελλάδας (Πηγή: VOX, What will happen if Greece defaults? Insights from theory and reality). Παραθέτω τα συμπεράσματα του σχολίου:
"What about Greece? The recent experience suggests that the economic costs of default may not be as high as it is commonly thought, and that economic recovery has often started soon after default. It is worth noting, however, that in all defaults studied in our work the economic recovery was helped by exchange-rate depreciation. Since this does not seem to be an option for countries that belong to the Eurozone (for reasons that are well explained in Eichengreen 2007), Greece may pay a steep cost if it were to default. For this reason, we hope that rescue plan launched on 2 May will work and that Greece will not belong to the sample when we update our paper on the costs of default."