Regional and municipal debt in the Eurozone: a cross-country analysis
This paper analyses the development of sub-sovereign debt in the Eurozone, based on a sample of 58 regional and municipal governments for the period 2004–17. The findings show that when examined from the prism of sub-sovereign debt, Eurozone countries cannot be readily divided into core and peripher...
| Main Author: | |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
Taylor and Francis
2022
|
| _version_ | 1826309144604311552 |
|---|---|
| author | Ioannou, S |
| author_facet | Ioannou, S |
| author_sort | Ioannou, S |
| collection | OXFORD |
| description | This paper analyses the development of sub-sovereign debt in the Eurozone, based on a sample of 58 regional and municipal governments for the period 2004–17. The findings show that when examined from the prism of sub-sovereign debt, Eurozone countries cannot be readily divided into core and periphery, as conventionally done nationally. For many countries, a significant domestic variegation in local economic conditions is identified. Driving forces in the rise of debt positions are also varied. Despite such variegations, the analysis also confirms the overarching role of national governments in setting the fiscal and financial boundaries within which local governments operate.
|
| first_indexed | 2024-03-07T07:29:47Z |
| format | Journal article |
| id | oxford-uuid:0639e9ab-7f06-494f-b02e-a1426577cb3f |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:29:47Z |
| publishDate | 2022 |
| publisher | Taylor and Francis |
| record_format | dspace |
| spelling | oxford-uuid:0639e9ab-7f06-494f-b02e-a1426577cb3f2023-01-12T08:15:46ZRegional and municipal debt in the Eurozone: a cross-country analysisJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:0639e9ab-7f06-494f-b02e-a1426577cb3fEnglishSymplectic ElementsTaylor and Francis2022Ioannou, SThis paper analyses the development of sub-sovereign debt in the Eurozone, based on a sample of 58 regional and municipal governments for the period 2004–17. The findings show that when examined from the prism of sub-sovereign debt, Eurozone countries cannot be readily divided into core and periphery, as conventionally done nationally. For many countries, a significant domestic variegation in local economic conditions is identified. Driving forces in the rise of debt positions are also varied. Despite such variegations, the analysis also confirms the overarching role of national governments in setting the fiscal and financial boundaries within which local governments operate. |
| spellingShingle | Ioannou, S Regional and municipal debt in the Eurozone: a cross-country analysis |
| title | Regional and municipal debt in the Eurozone: a cross-country analysis |
| title_full | Regional and municipal debt in the Eurozone: a cross-country analysis |
| title_fullStr | Regional and municipal debt in the Eurozone: a cross-country analysis |
| title_full_unstemmed | Regional and municipal debt in the Eurozone: a cross-country analysis |
| title_short | Regional and municipal debt in the Eurozone: a cross-country analysis |
| title_sort | regional and municipal debt in the eurozone a cross country analysis |
| work_keys_str_mv | AT ioannous regionalandmunicipaldebtintheeurozoneacrosscountryanalysis |