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Debt Public And Private
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Book Synopsis Global Debt Database: Methodology and Sources by : Samba Mbaye
Download or read book Global Debt Database: Methodology and Sources written by Samba Mbaye and published by International Monetary Fund. This book was released on 2018-05-14 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the compilation of the Global Debt Database (GDD), a cutting-edge dataset covering private and public debt for virtually the entire world (190 countries) dating back to the 1950s. The GDD is the result of a multiyear investigative process that started with the October 2016 Fiscal Monitor, which pioneered the expansion of private debt series to a global sample. It differs from existing datasets in three major ways. First, it takes a fundamentally new approach to compiling historical data. Where most debt datasets either provide long series with a narrow and changing definition of debt or comprehensive debt concepts over a short period, the GDD adopts a multidimensional approach by offering multiple debt series with different coverages, thus ensuring consistency across time. Second, it more than doubles the cross-sectional dimension of existing private debt datasets. Finally, the integrity of the data has been checked through bilateral consultations with officials and IMF country desks of all countries in the sample, setting a higher data quality standard.
Author :Chamber of Commerce of the United States of America. Economic Research Department Publisher : ISBN 13 : Total Pages :56 pages Book Rating :4.X/5 (2 download)
Book Synopsis Debt, Public and Private by : Chamber of Commerce of the United States of America. Economic Research Department
Download or read book Debt, Public and Private written by Chamber of Commerce of the United States of America. Economic Research Department and published by . This book was released on 1966 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Buffers, Private Debt, and Stagnation by : Nicoletta Batini
Download or read book Fiscal Buffers, Private Debt, and Stagnation written by Nicoletta Batini and published by International Monetary Fund. This book was released on 2016-05-23 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revisit the empirical relationship between private/public debt and output, and build a model that reproduces it. In the model, the government provides financial assistance to credit-constrained agents to mitigate deleveraging. As we observe in the data, surges in private debt are potentially more damaging for the economy than surges in public debt. The model suggests two policy implications. First, capping leverage leads to milder recessions, but also implies more muted expansions. Second, with fiscal buffers, financial assistance to credit-constrained agents helps avoid stagnation. The growth returns from intervention decline as the government approaches the fiscal limit.
Book Synopsis Bailing Out the People? When Private Debt Becomes Public by : Samba Mbaye
Download or read book Bailing Out the People? When Private Debt Becomes Public written by Samba Mbaye and published by International Monetary Fund. This book was released on 2018-06-13 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents a form of private sector bailout that is much more common (and yet unnoticed) than the typical bank bailout. Building on the newly-created Global Debt Database, we show that excess private debt systematically turns into higher public debt, regardless of whether the credit boom resulted in a crisis or a more orderly deleveraging process. This debt migration operates mainly through growth rather than explicit bailouts: private deleveraging weighs on activity, prompting a countercyclical government response to support economic activity. Ultimately, whether this debt substitution results in a net increase or a net decline of overall indebtedness in the economy depends on the extent of the growth slowdown during the deleveraging spell. These findings suggest that markets and policymakers should move away from looking at private and sovereign debt in silos and pay closer attention to the total stock of debt in the economy, as the line between the two tends to become blurry.
Author :Chamber of Commerce of the United States of America. Committee on Economic Policy Publisher : ISBN 13 : Total Pages :60 pages Book Rating :4.M/5 ( download)
Book Synopsis Debt, Public and Private by : Chamber of Commerce of the United States of America. Committee on Economic Policy
Download or read book Debt, Public and Private written by Chamber of Commerce of the United States of America. Committee on Economic Policy and published by . This book was released on 1961 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Debt as a Form of Public Finance by : Richard E. Wagner
Download or read book Public Debt as a Form of Public Finance written by Richard E. Wagner and published by Cambridge University Press. This book was released on 2019-05-30 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can't truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt and induce rational political action.
Book Synopsis Private Credit and Public Debt by : Anatol Murad
Download or read book Private Credit and Public Debt written by Anatol Murad and published by . This book was released on 1954 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Book Synopsis Public Debt Management and Bailouts by : Mr.Torbjorn I. Becker
Download or read book Public Debt Management and Bailouts written by Mr.Torbjorn I. Becker and published by International Monetary Fund. This book was released on 1999-07-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses how public debt should be managed to reduce the cost of private sector bailouts. It uses a tax smoothing model to show that bailouts affect the timing of government deficits and surpluses as well as the composition of public debt. In general, public debt managers will have to monitor the private sector’s leverage and portfolio composition in order to design the tax smoothing policy. This contrasts with Ricardian models where households monitor the government’s debt. The moral hazard aspect of defaults is also shown to be important in determining an optimal government debt strategy.
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.
Book Synopsis Private and Public Debt by : Marco Bernardini
Download or read book Private and Public Debt written by Marco Bernardini and published by International Monetary Fund. This book was released on 2017-03-22 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a dataset covering a large sample of emerging economies (EMEs), we study the relationship between debt and economic performance in bad times. While previous research has shown that private debt buildups exacerbate the duration and intensity of recessions in advanced economies (AEs), we document that this effect is very pronounced in EMEs as well. Moreover, although rapid public debt buildups are unlikely to be the primary trigger of financial crises, in EMEs they are associated with deeper and longer recessions than in AEs. Part of this difference is explained by a less supportive fiscal policy in EMEs during crises.
Book Synopsis The Liquidation of Government Debt by : Ms.Carmen Reinhart
Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Federal Debt written by Paul L. Posner and published by DIANE Publishing. This book was released on 2000-07 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unified budget of the federal government is projected to have a surplus for at least a decade. However, large annual budget deficits over the past 2 decades sharply increased the total amount of debt owed to the public and its associated annual interest payments. This report presents current information on the federal debt, including how debt is defined and measured; who holds federal debt; how much it has grown in recent years; and its significance to the nat. economy. Information is provided in a clear, concise and easily understandable manner for a nontechnical audience. Includes a short bibliography for readers who are interested in more detailed information.
Book Synopsis The Political Economy of Public Debt by : Richard M. Salsman
Download or read book The Political Economy of Public Debt written by Richard M. Salsman and published by Edward Elgar Publishing. This book was released on 2017-02-24 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.
Book Synopsis Guidelines for Public Debt Management -- Amended by : International Monetary Fund
Download or read book Guidelines for Public Debt Management -- Amended written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Public Debt, Private Asset by : Keith Feiler
Download or read book Public Debt, Private Asset written by Keith Feiler and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs Publisher : ISBN 13 : Total Pages :80 pages Book Rating :4.:/5 (55 download)
Book Synopsis State and Municipal Debt by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
Download or read book State and Municipal Debt written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs and published by . This book was released on 2011 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shipping list nos.: 2012-0054-P (pt. [1]), 2012-0047-P (pt. 2) .
