Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 39 pages
File Size : 13,40 MB
Release : 2003-09-12
Category : Business & Economics
ISBN : 149832892X
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Author : D. A. Austin
Publisher : DIANE Publishing
Page : 24 pages
File Size : 16,91 MB
Release : 2010-06
Category : Political Science
ISBN : 1437930255
This report discusses how the total debt of the federal government can increase, a historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Author : International Monetary Fund,
Publisher : International Monetary Fund
Page : 40 pages
File Size : 21,69 MB
Release : 2015-03-11
Category : Business & Economics
ISBN : 1498330665
The Revised Guidelines for Public Debt Management have been developed as part of a broader work program undertaken by the IMF and the World Bank to strengthen the international financial architecture, promote policies and practices that contribute to financial stability and transparency, and reduce countries external vulnerabilities.
Author : Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 128 pages
File Size : 26,29 MB
Release : 2012-08-01
Category : Business & Economics
ISBN : 1475505531
This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Author : Alfred Greiner
Publisher : Springer Science & Business Media
Page : 148 pages
File Size : 45,60 MB
Release : 2009-07-24
Category : Business & Economics
ISBN : 3642017452
Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.
Author : United States. Government Printing Office
Publisher :
Page : 40 pages
File Size : 49,40 MB
Release : 1987
Category : Government publications
ISBN :
Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 403 pages
File Size : 34,32 MB
Release : 2021-03-03
Category : Business & Economics
ISBN : 1464815453
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 : Carmen M. Reinhart
Publisher : Princeton University Press
Page : 513 pages
File Size : 42,78 MB
Release : 2011-08-07
Category : Business & Economics
ISBN : 0691152640
An empirical investigation of financial crises during the last 800 years.
Author : Thordur Jonasson
Publisher : International Monetary Fund
Page : 133 pages
File Size : 49,60 MB
Release : 2018-04-06
Category : Business & Economics
ISBN : 1484350545
This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.
Author : United States. Supreme Court
Publisher :
Page : 536 pages
File Size : 31,30 MB
Release : 1934
Category : Gold
ISBN :
