August 2, 2014
Today's weekly roundup includes the everyday economics of sovereign debt defaults, oil boom towns, athletes' labor markets and the GDP.
Today's weekly roundup includes the everyday economics of sovereign debt defaults, oil boom towns, athletes' labor markets and the GDP.
With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.
With more austerity resistance to government spending cutbacks, Greece could again be heading for a sovereign debt default and a bailout.
Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years. Described by Rogoff and […]
Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of […]