Brunet, Antoine; Guichard, Jean-Paul - In: International Journal of Political Economy 40 (2011) 4, pp. 83-97
deficit must inevitably increase their foreign indebtedness, which can be hazardous to them. In a world where some countries … wrong answers to their crises if they choose to increase their foreign indebtedness beyond the level necessary to finance … productive investments: their flight into indebtedness can only lead them into discrediting their currency and condemning them to …