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  1. The sovereign default problem in the Eurozone
    why limited liability resulted in excessive debt accumulation and how insurance can counteract
    Published: [2016]; © 2016
    Publisher:  ifo Institut, Leibnitz-Institut für Wirtschaftsforschung, München

    This thesis was written by Nadjeschda Katharina Arnold while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department... more

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    This thesis was written by Nadjeschda Katharina Arnold while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2015. The thesis analyses the sovereign default problem in the Eurozone in two parts. Part I explains why limited liability may have resulted in excessive debt accumulation: A commitment problem of the European Monetary Union to no bailouts may have banished interest rate risk premiums inducing its member states to ignore a part of their original repayment obligation in their debt decision. Part II shows how insurance can restore optimal incentives of debt accumulation by replacing the interest rate risk premiums with insurance premiums.

     

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    Content information
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Dissertation
    Format: Print
    ISBN: 3959420102; 9783959420105
    Other identifier:
    9783959420105
    RVK Categories: QM 333 ; QL 218 ; QL 700
    Series: ifo Beiträge zur Wirtschaftsforschung ; 66
    Subjects: Staatsbankrott; Schuldenkrise; Schuldenübernahme; Beschränkte Haftung; Versicherungsschutz; Eurobond; Europäischer Stabilitätsmechanismus; Eurozone; EU-Staaten; European Default Risk Pool; Default (Finance); Insurance; Debts, Public
    Scope: xii, 169 Seiten, Illustrationen
    Notes:

    Literaturverzeichnis Seite 165-169

    Dissertation, Ludwig-Maximilians-Universität München, 2015

  2. The sovereign default problem in the Eurozone
    why limited liability resulted in excessive debt accumulation and how insurance can counteract
    Published: [2016]; © 2016
    Publisher:  ifo Institut, Leibnitz-Institut für Wirtschaftsforschung, München

    This thesis was written by Nadjeschda Katharina Arnold while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department... more

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    1 A 959993
    Unlimited inter-library loan, copies and loan
    Universitätsbibliothek Freiburg
    SW 2016/1023
    Unlimited inter-library loan, copies and loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    2016 A 27789
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    A 271262
    Unlimited inter-library loan, copies and loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    A16-2160
    Unlimited inter-library loan, copies and loan
    Universitätsbibliothek Mannheim
    300 QL 218 A757
    No inter-library loan
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    S33-66 a
    No inter-library loan
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    S33-66 b
    No inter-library loan
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    S33-66 c
    No inter-library loan

     

    This thesis was written by Nadjeschda Katharina Arnold while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2015. The thesis analyses the sovereign default problem in the Eurozone in two parts. Part I explains why limited liability may have resulted in excessive debt accumulation: A commitment problem of the European Monetary Union to no bailouts may have banished interest rate risk premiums inducing its member states to ignore a part of their original repayment obligation in their debt decision. Part II shows how insurance can restore optimal incentives of debt accumulation by replacing the interest rate risk premiums with insurance premiums.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Dissertation
    Format: Print
    ISBN: 3959420102; 9783959420105
    Other identifier:
    9783959420105
    RVK Categories: QM 333 ; QL 218 ; QL 700
    Series: ifo Beiträge zur Wirtschaftsforschung ; 66
    Subjects: Staatsbankrott; Schuldenkrise; Schuldenübernahme; Beschränkte Haftung; Versicherungsschutz; Eurobond; Europäischer Stabilitätsmechanismus; Eurozone; EU-Staaten; European Default Risk Pool; Default (Finance); Insurance; Debts, Public
    Scope: xii, 169 Seiten, Illustrationen
    Notes:

    Literaturverzeichnis Seite 165-169

    Dissertation, Ludwig-Maximilians-Universität München, 2015