Earlier i talked about the risk free status of Sovereign credit of Developed economy with a reliable currency.
http://shahzad-rsquared.blogspot.in/2012/03/upside-of-greece-default-if-there-is.html However, since the financial crisis which led a transfer of private debt to public debt which ultimately made the government fiscal situation vulnerable and the balance sheet of Central banks a lot more risky. Found an insightful article in Peterson Institute of International Economics regarding the same. Hopefully you will find it useful.
No comments:
Post a Comment