Debt in times of crisis : Does economic crisis really impact debt? / Thomas Poufinas, editor

Contributor(s):

Poufinas, Thomas [HerausgeberIn]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Springer eBook CollectionPublisher: Cham : Springer, 2021Publisher: Cham : Palgrave Macmillan, 2021Copyright date: © 2021Description: 1 Online-Ressource (XXIII, 271 p. 45 illus., 44 illus. in color.)ISBN:

9783030741624

Subject(s):

Additional physical formats: 9783030741617 | 9783030741631 | 9783030741648 | Erscheint auch als: Debt in times of crisis. Druck-Ausgabe. Cham, Switzerland : Palgrave Macmillan, 2021. xxiii, 271 Seiten | Erscheint auch als: 9783030741631 Druck-Ausgabe | Erscheint auch als: 9783030741648 Druck-AusgabeRVK: RVK: QL 700DOI: DOI: 10.1007/978-3-030-74162-4Online resources:

Summary: Chapter 1. Debt valuation: An alternative method to avoid future default (Thomas Poufinas and Evangelos Drimpetas) -- Chapter 2. The impact of Quantitative Easing Policy on the government debt and the NPLs of the Eurozone periphery countries (Dionysios Chionis, Fotios Mitropoulos and Antonios Sarantidis) -- Chapter 3. Tariffs and Debt ( George Galanos, Thomas Poufinas and Charalampos Agiropoulos) -- Chapter 4. The impact of demographics on the level of tariffs (James Chen, Thomas Poufinas, Charalampos Agiropoulos and George Galanos) -- Chapter 5. Demographics as determinants of social security (James Chen, Thomas Poufinas, Charalampos Agiropoulos and George Galanos) -- Chapter 6 Sovereign Debt and Social Security (Thomas Poufinas, George Galanos and Charalampos Agiropoulos) -- Chapter 7. Debt versus Non-Performing Loans: An investigation on the causality direction within the countries of Eurozone (Charalampos Agiropoulos, George Galanos and Thomas Poufinas) -- Chapter 8. What drives sovereign bond yields in the Eurozone? (Nicholas Apergis, Giuseppina Chesini and Thomas Poufinas).Summary: Debt, private and public, and in particular excessive debt, has been debated to be one of the root causes of economic crises. At the same time, economic crises are believed to lead to an increase of debt. This book, through a range of contributors, explores certain constituents of an economy and attempts to identify their contribution to debt (public and private), especially in times of crisis; namely, bonds, tariffs, social security and non-performing loans (NPLs). Furthermore, it captures the (implicit) impact of the demography on debt through tariffs and social security and investigates the effect of quantitative easing/purchase programs and as well as crises on debt. In addition, the (cost of the) reserve that a state may want to provision for, in order to secure its economy from defaulting within a certain time horizon, is also addressed and calculated. This calculation offers an alternative valuation, or pricing, of (excess) debt (default protection). This book aims to offer a comparative study of countries – especially those with a history of excessive debt - and intends to realize whether an economic crisis can genuinely deteriorate debt, or whether the debt unsustainability is preexisting to the crisis. It will be relevant to students and researchers interested in economic policy and growth. Thomas Poufinas is an Assistant Professor at the Department of Economics, Democritus University of Thrace, Greece.PPN: PPN: 1769714472Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF

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