monetary taps, bailout taps, austerity taps and devaluation taps. I propose a simple model of government bond markets with …

In January 1995, U.S. President Bill Clinton organized a bailout for Mexico that imposed penalty interest rates and … Central Bank, and International Monetary Fund) organize similar bailouts for the troubled countries in the Eurozone? Our … analysis suggests that debt levels are so high that bailouts with penalty interest rates could induce the Eurozone governments …

In January 1995, U.S. President Bill Clinton organized a bailout for Mexico that imposed penalty interest rates and … Central Bank, and International Monetary Fund) organize similar bailouts for the troubled countries in the Eurozone? Our … analysis suggests that debt levels are so high that bailouts with penalty interest rates could induce the Eurozone governments …