How the debate about the ECB debt cancellation differs from older (and much older) ones
Bibliographic Data
| ID | 7371792 |
|---|---|
| Authors | Pierre De Saint-Phalle (University of Lausanne, corresponding author) |
| Year | 2022 |
| Volume | 60-1 |
| Issue | 60-1 |
| Pages | 221-237 |
| Publication date | 2022-05-06 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Revue européenne des sciences sociales (JOURNAL) |
| Journal identifiers | ISSN: 0048-8046 • E-ISSN: 1663-4446 |
| Publisher | Librairie Droz (PUBLISHER • CH) |
| DOI | 10.4000/ress.8750 |
| OpenAlex | W4229024787 |
| Language | EN |
| References cited | 8 |
In the last decade, a debate on the influence of public debt on political regimes has (re)emerged. Public debt scholars have rallied around two opposing projects: many of them advocate for constitutional constraints, while some denounce the market debt as a threat to the welfare state. In 2020 and 2021, a fierce debate occurred among the second group concerning the cancellation of European public debt held by the European Central Bank. This article suggests that the restrainers, the cancellationists, and the anti-cancellationists consider, for different reasons, that representative democracy and sovereign debt could be a deadly threat to each other
Debt · Democracy · Economic policy · Economics · Financial system · Macroeconomics · Political economy · Political science · Politics · Sovereign debt · Sovereignty · State (computer science · Welfare state · European Monetary and Fiscal Policies · European Union Policy and Governance · Law
| Citation velocity | historical |
|---|---|
| Highly cited | No |