Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "5159"
  #_source: array:26 [
    "id" => "5159"
    "slug" => "the-risk-of-default-on-public-debts-in-a-monetary-union-the-case-for-a-european-compensation-fund"
    "yearMonth" => "1997-05"
    "year" => "1997"
    "title" => "The Risk of Default on Public Debts in a Monetary Union: The Case for a European Compensation Fund"
    "description" => "SOUVETON, R. et VRANCEANU, R. (1997). The Risk of Default on Public Debts in a Monetary Union: The Case for a European Compensation Fund. Dans: <i>International Business in the New Millennium, vol. III</i>. Texas A&M International University Press, pp. 645-659."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "VRANCEANU Radu"
        "bid" => "B00000524"
        "slug" => "vranceanu-radu"
      ]
      1 => array:1 [
        "name" => "SOUVETON R."
      ]
    ]
    "ouvrage" => "International Business in the New Millennium, vol. III"
    "keywords" => []
    "updatedAt" => "2023-03-08 16:39:39"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "645-659"
      "volume" => ""
      "number" => ""
    ]
    "type" => array:2 [
      "fr" => "Actes d'une conférence"
      "en" => "Conference Proceedings"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'article étudie le risque de défaut sur les obligations du Trésor dans le contexte spécifique d'une union monétaire. Prime de risque et taux d'intérêt sont déterminés simultanément dans l'équilibre macroéconomique. Un Fonds de Compensation Européen pourrait améliorer cet équilibre."
      "en" => "This paper aims at analyzing the role played by the default risk on Treasury bonds in a monetary union. We focus on the interactions between the risk-adjusted interest rate and several main macroeconomic variables like income, public debt and government spending. By considering theoretical arguments and a supporting simulation, we show that a rational expectations equilibrium might exist, in which a positive price for risk and bond interest rates are jointly determined."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-11-21T10:21:50.000Z"
    "docTitle" => "The Risk of Default on Public Debts in a Monetary Union: The Case for a European Compensation Fund"
    "docSurtitle" => "Actes d'une conférence"
    "authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, SOUVETON R."
    "docDescription" => "<span class="document-property-authors">VRANCEANU Radu, SOUVETON R.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">1997</span>"
    "keywordList" => ""
    "docPreview" => "<b>The Risk of Default on Public Debts in a Monetary Union: The Case for a European Compensation Fund</b><br><span>1997-05 | Actes d'une conférence </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">The Risk of Default on Public Debts in a Monetary Union: The Case for a European Compensation Fund</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.554104
  +"parent": null
}