Why Are Greek Bonds A Success Story Today While They Were Not In The Euro Crisis That Started In 2010?
From Dirk Ehnts, Econoblog101I wrote the tweet below because I thought that it would be really interesting for students to ask that question. They would find out what it is that determines the price of a government bond. Little did I know that many people would be interested in my view of the issue. So, by popular request, I am presenting my take. (It is based on my book on money creation in the Eurozone [€] and a paper in the Eurasian Economic Review [no paywall] with Michael Paetz.)
Source: econintersect.com