The phrase "an effective default" is correct and usable in written English.
It can be used in contexts where you are discussing a standard option or setting that works well in most situations.
Example: "In our software, we have set an effective default for user privacy settings to ensure maximum protection."
Alternatives: "a suitable standard" or "an optimal baseline".
She said that the prices of Argentina's bonds in the market already showed that investors "are pricing in an effective default".
In particular, a plan proposed by the French government and banks "could require private sector debt restructuring in a form that we would view as an effective default," S.&P. said in a statement.
But all along, I have argued that the debt crisis will lead to inflation, stagnation or default; if the west can't generate inflation, then an (effective) default may be preferable to stagnation.
We show here how piecewise power-law functions of one or more variables offer an effective default solution for the almost unbiased representation of uni- and multivariate time series data.
The legal uncertainty would further hamper the banks, which would be loth to extend credit for fear they might yet be forced to make depositors whole.Foreign banks and pension funds holding weak economies' euro-denominated government bonds would suffer an effective default.
In this context, cutting benefits for the current or near retirees amounts to an effective default on the bonds held by the Social Security trust fund.
In short, Greece started from a very low point and an extremely precarious position following grave mistakes that led to effective default, but it has come a long way since 2010.
Thursday, not long before the Asian markets would open, and the two leaders were desperately trying to nail down the last component of a complex deal to save the euro: forcing the banks to pay a greater share of Greece's effective default.
Even with the effective default on deposits, Cyprus will need a huge loan from the troika, and the condition for this loan will be harsh austerity.
Given Mr. Cura's effective default, the clear winner was La Scala's Salvatore Licitra.
The size of that devaluation would be the extent of the country's effective default against its creditors.Market gurus and other students of misaligned stock, bond or home prices often say that although it is easy to spot an asset-price bubble, it is impossible to know the event that finally pricks it.
