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External debt duplication : Effect of a payment system aberration

Brunette, Carol ; Cencini, Alvaro (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2015 ; 2015ECO008.

This work examines an existing anomaly within the system of international payments and shows how it lies at the core of a duplication occurrence that adversely compounds external debt. It considers the case of the European monetary union. We explain why it would be in Member States' best economic interest, with respect to tackling their external debt and ultimately its sustainability, if...