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Countries in a monetary union can adjust to shocks either through internal or external mechanisms. →

We study how the possibility of renegotiation affects optimal bail-out policies for countries under asymmetric information on a country's cost of reforms. →

We study how the possibility of renegotiation affects optimal bail-out policies for countries under asymmetric information on a country's cost of reforms. →

Will the troubled countries be able to fully repay their debt? →

Will the troubled countries be able to fully repay their debt? →

In this memorandum 8 Frequently Asked Questions about the financial crisis and the Dutch economy. →

In this memorandum 8 Frequently Asked Questions about the financial crisis and the Dutch economy. →