Front Matter Page
RES
Contents
1 A bird’s-eye view of the European debt crisis
2 A model of sovereign debt, investment and growth
2.1 The baseline model
2.2 Sovereign debt, default and crowding-out effects
2.3 Secondary markets and discrimination
3 Crowding-out effects: dynamics and efficiency
3.1 Dynamics
3.2 Efficiency
4 Self-fulfilling crises and random crowding-out effects
4.1 The model with endogenous defaults
4.2 Dynamics with crisis zones
5 Spillovers and transfers
5.1 The model with an economic union
5.2 Dynamics of an economic union
5.3 A role for transfers
6 Back to Europe: What have we learned?