In all countries debt and deficits of the public sector are at the
heart of economic policy debate. Debt and deficits pose major
problems, all the more pressing in Europe because of the Maastricht
criteria for entry into European Monetary Union. And in the
developing world debt has been associated with major financial
crises. This volume, arising from an International Economic
Association conference at the Bundesbank, sees academics and policy
makers debate the key issues and their implications in theory and
practice.
General
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