Analysis of the Public Debt Sustainability in the Economic and Monetary Union

Sustainability of fiscal and budgetary policies and therefore the sustainability of public debt is an intensely debated issue which has a particular importance in the public decision making. In Europe, the problem of sustainability public debt has become a subject of public interest after the introd...

Full description

Saved in:
Bibliographic Details
Published inProcedia economics and finance Vol. 3; pp. 1081 - 1087
Main Author Teică, Ramona Andreea
Format Journal Article
LanguageEnglish
Published Elsevier B.V 2012
Subjects
budget deficit
budget policy
public debt
sustainability
public debt
budget deficit
budget policy
sustainability
Online AccessGet full text
ISSN2212-5671
2212-5671
DOI10.1016/S2212-5671(12)00277-8

Cover

More Information
Summary:Sustainability of fiscal and budgetary policies and therefore the sustainability of public debt is an intensely debated issue which has a particular importance in the public decision making. In Europe, the problem of sustainability public debt has become a subject of public interest after the introduction of single currency in the European Union. The growth of indebtedness of the member countries of the Economic and Monetary Union has raised extensive debate on the sustainable level of public debt. Hence, the paper has the purpose to analyze the sustainability of public debt in the member countries of the Economic and Monetary Union.
ISSN:2212-5671
2212-5671
DOI:10.1016/S2212-5671(12)00277-8