Passamani, Giuliana; Tamborini, Roberto; Tomaselli, Matteo - In: The Journal of Risk Finance 16 (2015) 3, pp. 321-343
Purpose – The purpose of this paper is to explain why some countries in the eurozone between 2010 and 2012 experienced a dramatic vicious circle between hard austerity plans and rising default risk premia. Were such plans too small, and hence non-credible, or too large, and hence...