Special
The economic costs of sovereign default, as estimated by scholars, are found to be less drastic than most believe possible. The political costs of default, on the other hand, are non-negligible.
Economic Report
The world is littered with financial crises, yet we seem surprised every time they occur. Against this backdrop, we take a closer look at the financial crises since 1800 to see whether we can draw some lessons for the future.
Economic Report
Long-standing concerns about the sustainability of US fiscal imbalances have finally led to the first ‘negative outlook’ for the AAA-rating of US sovereign debt by S&P.
Economic Report
After the dismal failures of the financial markets to correctly price sovereign risk before the crisis, one must be aware that they can still over-or underprice sovereign risk in some countries.
Economic Report Dutch version
On Friday, 11 March, 2011, Japan was struck by a historically severe earthquake, a devastating tsunami, and a nuclear crisis that is yet unresolved.The impact on the lives of those affected is foremost in our minds, dwarfing the huge economic impact, the magnitude of which we attempt to estimate in this Special Report.
Column
Een kleine maand geleden werd Japan getroffen door een verwoestende natuurramp. Er is al veel gezegd en geschreven over de gevolgen van dit drama, voor Japan en voor de wereld. Alom wordt getracht om de omvang van deze ramp in economische termen te bevatten.