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dc.contributor.authorShao, Weieng
dc.date.accessioned2013-10-14T07:41:41Z
dc.date.available2013-10-14T07:41:41Z
dc.date.issued2011-06-06eng
dc.date.submitted2011-06-06eng
dc.identifier.urihttp://hdl.handle.net/1956/7402
dc.description.abstractAlthough the budget deficit modification by new elected government and following government bonds downgrading by world rating agencies directly triggered the sovereign debt crisis in Greece, the most substantial cause is its prodigal and extravagant fiscal policy. Greece has enjoyed living beyond its salary" life since it became member of Eurozone in 2001, because it can borrow heavily from international markets especially from member countries to fund its huge budget deficit. Greece requested financial support formally and formulated fiscal austerity and structural reform for exchanging 110 billion Euros bailout from both Europe and IMF. This paper reproduced the history of this issue using System Dynamics model in which the government debt is the most important researching object. System Dynamics as the most powerful problem-replication tool is also used in the paper to analyze those fiscal consolidation policies putting in a relative long-term period, which could help the official policymakers to formulate effective policies for the sake of making the government debt sustainable.eng
dc.format.extent2820508 byteseng
dc.format.mimetypeapplication/pdfeng
dc.language.isoengeng
dc.publisherThe University of Bergeneng
dc.subjectdebt crisiseng
dc.subjectbudget deficiteng
dc.subjectgovernment debteng
dc.subjectgovernment revenueeng
dc.subjectgovernment expenditureeng
dc.titleSovereign debt crisis in Greece: A system dynamics approach to policy analysiseng
dc.typeMaster thesiseng
dc.type.degreeMastereng
dc.type.courseGEO-SD350eng
dc.subject.archivecodeMastergradeng
dc.subject.nus753907eng
dc.type.programMASV-SYSDYeng
dc.rights.holderCopyright the author. All rights reserved
bora.peerreviewedNot peer reviewedeng


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