In the Red

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Why do rich countries flirt with fiscal disaster? Between the 1970s and the 2000s, during times of peace and prosperity, affluent countries—like Belgium, Gree

In the Red

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Insightful study that identifies the underlying factors contributing to countries continually accumulating immense debt

Governance of the European Monetary Union

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The crisis in the euro area is a defining moment in the history of European integration. It has revealed major flaws in the architecture of the European Union;

Rating Politics

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How do countries' political and policy choices affect the credit ratings they receive? Sovereign ratings influence countries' cost of funding, and observers hav

Rating Politics

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Rating agencies have played a prominent role in the sovereign debt crisis currently besetting Europe. Sovereign rating downgrades contributed to the fall of the