Globalization and High Public Debt: The Impact of Financial Interdependence (Routledge Studies in the Modern World Economy) - Hardcover

Über die Autorin bzw. den Autor

Aline Darbellay is an Assistant Professor of Capital Markets Law at the University of Zurich, Switzerland.

Norbert Gaillard is an economist and independent consultant at NG Consulting.

Michael Waibel is a Professor of International Law at the Faculty of Law, University of Vienna, Austria.

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This book argues that the high degree of financial interdependence forged during the “golden age” of globalization from 1991–2016 is now the main impediment to the reduction of the elevated public debts observed in many countries. It investigates how interdependence may be reduced or made compatible with a deleveraging process.