Public Debt Through the Ages

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Publisher : International Monetary Fund
ISBN 13 : 1484392892
Total Pages : 60 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Public Debt Through the Ages by : Mr.Barry J. Eichengreen

Download or read book Public Debt Through the Ages written by Mr.Barry J. Eichengreen and published by International Monetary Fund. This book was released on 2019-01-15 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Colonialism in Global Perspective

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Publisher : Cambridge University Press
ISBN 13 : 1108425267
Total Pages : 291 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Colonialism in Global Perspective by : Kris Manjapra

Download or read book Colonialism in Global Perspective written by Kris Manjapra and published by Cambridge University Press. This book was released on 2020-05-07 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative, breath-taking, and concise relational history of colonialism over the past 500 years, from the dawn of the New World to the twenty-first century.

Home and Foreign Investment, 1870–1913

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Publisher : Cambridge University Press
ISBN 13 : 1107586844
Total Pages : 269 pages
Book Rating : 4.1/5 (75 download)

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Book Synopsis Home and Foreign Investment, 1870–1913 by : A. K. Cairncross

Download or read book Home and Foreign Investment, 1870–1913 written by A. K. Cairncross and published by Cambridge University Press. This book was released on 2015-12-03 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1953, this book presents studies of capital accumulation and investment, both in Britain and internationally, from 1870 to 1913.

This Time Is Different

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Publisher : Princeton University Press
ISBN 13 : 0691152640
Total Pages : 513 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis This Time Is Different by : Carmen M. Reinhart

Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2011-08-07 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical investigation of financial crises during the last 800 years.

Accountants' Index

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Publisher :
ISBN 13 :
Total Pages : 1594 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Accountants' Index by :

Download or read book Accountants' Index written by and published by . This book was released on 1921 with total page 1594 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Inter-ally Debts

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Publisher :
ISBN 13 :
Total Pages : 394 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Inter-ally Debts by : Harvey Edward Fisk

Download or read book The Inter-ally Debts written by Harvey Edward Fisk and published by . This book was released on 1924 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Foreign Finance in Continental Europe and the United States 1815-1870

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Author :
Publisher : Routledge
ISBN 13 : 1136609954
Total Pages : 227 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Foreign Finance in Continental Europe and the United States 1815-1870 by : D.C.M. Platt

Download or read book Foreign Finance in Continental Europe and the United States 1815-1870 written by D.C.M. Platt and published by Routledge. This book was released on 2013-11-05 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2005. This study uses the Baring archive to provide a professional and contemporary understanding of the foreign financial history of Continental Europe and the United States from the years 1815 to 1870. The material gathered in this book, for France, Russia, Austria, Spain and the United States, and the conclusions reached in all the chapters, go far towards supporting and confirming that the belief that capital exports give rise to growth is an inflated claim.

Money, Finance, and Empire, 1790-1960

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Publisher : Routledge
ISBN 13 : 1136284273
Total Pages : 197 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis Money, Finance, and Empire, 1790-1960 by : R. F Holland

Download or read book Money, Finance, and Empire, 1790-1960 written by R. F Holland and published by Routledge. This book was released on 2012-11-12 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scholars have recently begun to pay renewed attention to the economics of empire, focusing in particular on the requirements of metropolitan Britain's economy and on the activities of imperial businesses. Within this broad field, financial questions, not least the subject of investment overseas or the 'export of capital', have long had a prominent place, and have been equally affected by the development of new appraoches. The consensus as to the volume and direction of Britain's overseas investments is being vigorously challenged. Technological advances have encouraged on a greatly enlarged scale the compilation and analysis of information about British investments and shareholdings abroad. The gradual easing of restrictions on business records has increased facilities for the study, especially, of imperial and colonial banking. Work on the financial policies of central governments is revealing much of interest to students of twentieth-century colonial rule and decolonization. This collection of essays brings together a selection of the latest research on these and other themes, and, for comparative purposes, includes examples of recent continental work.

The Chicago Plan Revisited

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Publisher : International Monetary Fund
ISBN 13 : 1475505523
Total Pages : 71 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Chicago Plan Revisited by : Mr.Jaromir Benes

Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2012-08-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Banking Panics of the Gilded Age

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Publisher : Cambridge University Press
ISBN 13 : 0521770238
Total Pages : 182 pages
Book Rating : 4.5/5 (217 download)

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Book Synopsis Banking Panics of the Gilded Age by : Elmus Wicker

Download or read book Banking Panics of the Gilded Age written by Elmus Wicker and published by Cambridge University Press. This book was released on 2000-09-04 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of post-Civil War banking panics has constructed estimates of bank closures and their incidence in five separate banking disturbances. The book reconstructs the course of banking panics in the interior, where suspension of cash payment was the primary effect on the average person.

Sovereign Debt and International Financial Control

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Publisher : Springer
ISBN 13 : 1137378549
Total Pages : 426 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Sovereign Debt and International Financial Control by : Ali Co?kun Tunçer

Download or read book Sovereign Debt and International Financial Control written by Ali Co?kun Tunçer and published by Springer. This book was released on 2015-08-26 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book revisits an important chapter of financial history in the Middle East and the Balkans from 1870 1914. During this period, capital flows in the form of sovereign debt increased rapidly throughout the region. The spiral of heavy government borrowing eventually culminated in defaults on foreign obligations in the Ottoman Empire (1875), Egypt (1876), Greece (1893) and Serbia (1895). In all four cases, introducing international financial control over the finances of the debtor states became the prevalent form of dealing with defaults. The different cases of international financial control became increasingly refined and they marked important milestones in the evolution of the global governance of sovereign debt before 1914. For the defaulting states however, the immediate impact of international financial control was infringement of sovereignty. The extent of international financial control and the borrowing capacity of debtor states varied in each case as well as the degree of resistance towards it. This book documents the characteristics of international financial control in a comparative perspective. It relates sovereign debt, default and international financial control to political and fiscal systems, and raises questions about the tension between national sovereignty and global capital. It sheds light on the impact of international financial control on the long-term credibility and fiscal capacity of the debtor states in question. The author demonstrates that the governments' decisions to borrow internationally, and their attitudes towards international financial control, were heavily influenced by domestic political and fiscal factors.

A Historical Public Debt Database

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Publisher : International Monetary Fund
ISBN 13 : 1455209457
Total Pages : 27 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis A Historical Public Debt Database by : International Monetary Fund

Download or read book A Historical Public Debt Database written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-11-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.

In Defense of Public Debt

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Publisher : Oxford University Press
ISBN 13 : 0197577911
Total Pages : 321 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis In Defense of Public Debt by : Barry Eichengreen

Download or read book In Defense of Public Debt written by Barry Eichengreen and published by Oxford University Press. This book was released on 2021-08-11 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dive into the origins, management, and uses and misuses of sovereign debt through the ages. Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debtsabout the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness. Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergenciesfrom wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education, and healthcare. In these ways, the capacity to issue debt has been integral to state building and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance. The authors develop their arguments historically, recounting two millennia of public debt experience. They deploy a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully stabilized and brought down. Finally, they bring the story up to date, describing the role of public debt in managing the Covid-19 pandemic and recession, suggesting a way forward once governmentsnow more heavily indebted than beforefinally emerge from the crisis.

A Century of Debt Crises in Latin America

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Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.:/5 (44 download)

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Book Synopsis A Century of Debt Crises in Latin America by : Carlos Marichal

Download or read book A Century of Debt Crises in Latin America written by Carlos Marichal and published by . This book was released on 1989 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carlos Marichal contends that the boom-and-bust cycles of Latin American foreign loans result mainly from the fluctuations of the world economy, rather than from errors made in Latin America itself. Marichal shows that the present debt crisis is only a part of an overall pattern in Latin American history--cycles of loan boom and subsequent debt crisis that are heavily influenced by fluctuations of international trade and capital flows. He also reveals the significant role played by those who implement debt policies. Examining the strategies of both lenders and borrowers, he makes it clear that foreign loan negotiations are not only financial tools but also political instruments with broad economic and social consequences. The book analyzes in detail the four major debt crises that took place in Latin America during the nineteenth and early twentieth centuries. Marichal's focus is comparative, since the contracting of foreign loans and their repayment were problems common to virtually all nations of the region. He devotes special attention to explaining the links of these debt crises to the international financial panics of 1825, 1873, 1890, and 1929. The epilogue compares the debt crises of the past with the contemporary Latin American debt crisis.

The Cambridge Economic History of Modern Britain

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Publisher : Cambridge University Press
ISBN 13 : 9780521527378
Total Pages : 636 pages
Book Rating : 4.5/5 (273 download)

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Book Synopsis The Cambridge Economic History of Modern Britain by : Roderick Floud

Download or read book The Cambridge Economic History of Modern Britain written by Roderick Floud and published by Cambridge University Press. This book was released on 2003 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description

Currency Convertibility

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Publisher : Routledge
ISBN 13 : 1134825692
Total Pages : 292 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Currency Convertibility by : Barry Eichengreen

Download or read book Currency Convertibility written by Barry Eichengreen and published by Routledge. This book was released on 2005-07-28 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book leading economists and economic historians look at the history of the international monetary system, in particular the workings of the gold standard, to examine the implications for international monetary relations.