The Liquidation Of Government Debt
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Author | : Ms.Carmen Reinhart |
Publisher | : International Monetary Fund |
Total Pages | : 47 |
Release | : 2015-01-21 |
Genre | : Business & Economics |
ISBN | : 1498338380 |
Download The Liquidation of Government Debt Book in PDF, Epub and Kindle
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Author | : Robert Morris |
Publisher | : |
Total Pages | : 302 |
Release | : 1867 |
Genre | : Debts, Public |
ISBN | : |
Download The Public Debt of the United States Book in PDF, Epub and Kindle
Author | : James Sloan Gibbons |
Publisher | : |
Total Pages | : 304 |
Release | : 1970 |
Genre | : Business & Economics |
ISBN | : |
Download The Public Debt of the United States Book in PDF, Epub and Kindle
Author | : Richard Heathfield |
Publisher | : |
Total Pages | : 40 |
Release | : 1829 |
Genre | : Debts, Public |
ISBN | : |
Download Thoughts on the liquidation of the Public Debt, and on the relief of the Country from the distress incident to a population exceeding the demand for labour Book in PDF, Epub and Kindle
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2003-09-12 |
Genre | : Business & Economics |
ISBN | : 149832892X |
Download Guidelines for Public Debt Management -- Amended Book in PDF, Epub and Kindle
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Author | : M. Ayhan Kose |
Publisher | : World Bank Publications |
Total Pages | : 403 |
Release | : 2021-03-03 |
Genre | : Business & Economics |
ISBN | : 1464815453 |
Download Global Waves of Debt Book in PDF, Epub and Kindle
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author | : James Sloan Gibbons |
Publisher | : |
Total Pages | : 304 |
Release | : 1867 |
Genre | : Debts, Public |
ISBN | : |
Download Public Debt of the United States Book in PDF, Epub and Kindle
Author | : Mr.Barry J. Eichengreen |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2019-01-15 |
Genre | : Business & Economics |
ISBN | : 1484392892 |
Download Public Debt Through the Ages Book in PDF, Epub and Kindle
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes resulted in debt-management problems resolved through debasements and restructurings. Less widely appreciated are successful debt consolidation episodes, instances in which governments inheriting heavy debts ran primary surpluses for long periods in order to reduce those burdens to sustainable levels. We analyze the economic and political circumstances that made these successful debt consolidation episodes possible.
Author | : Mr.Giovanni Dell'Ariccia |
Publisher | : International Monetary Fund |
Total Pages | : 54 |
Release | : 2018-09-07 |
Genre | : Business & Economics |
ISBN | : 1484359623 |
Download Managing the Sovereign-Bank Nexus Book in PDF, Epub and Kindle
This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.
Author | : J. S. GIBBONS |
Publisher | : |
Total Pages | : 304 |
Release | : 1867 |
Genre | : |
ISBN | : |
Download The Public Debt of the United States. Its Organization: Its Liquidation, Etc Book in PDF, Epub and Kindle