Debt Sustainability PDF Download
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| Author | : Barry W. Poulson |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 389 |
| Release | : 2022-01-04 |
| Genre | : Business & Economics |
| ISBN | : 1666902578 |
Download Public Debt Sustainability Book in PDF, ePub and Kindle
As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in deciding where we go from here that there is no longer a consensus regarding the optimum design and enforcement of fiscal rules. Rather we must address a series of questions and challenges to the conventional wisdom. This book provides an opportunity for scholars to explore these questions from an international perspective, with reference to European countries, and emerging nations as well as the United States.
| Author | : Benno Ferrarini |
| Publisher | : Routledge |
| Total Pages | : 227 |
| Release | : 2012 |
| Genre | : Business & Economics |
| ISBN | : 0415522218 |
Download Public Debt Sustainability in Developing Asia Book in PDF, ePub and Kindle
Addressing the global financial crisis has required fiscal intervention on a substantial scale by governments around the world. The consequent buildup of public debt, in particular its sustainability, has moved to center stage in the policy debate. If the Asia and Pacific region is to continue to serve as an engine for global growth, its public debt must be sustainable. Public Debt Sustainability in Developing Asia addresses this issue for Asia and the Pacific as a whole as well as for three of the most dynamic economies in the region: the People’s Republic of China, India, and Viet Nam. The book begins with a discussion of the reasons for increased attention to debt-related issues. It also introduces fiscal indicators for the Asian Development. Bank’s developing member countries and economies. The sustainability of their debt is assessed through extant approaches and with the most up-to-date data sources. The book also surveys the existing literature on debt sustainability, outlining the main issues related to it, and discusses the key implications for the application of debt sustainability analysis in developing Asia. Also highlighted is the importance of conducting individual country studies in view of wide variations in definitions of public expenditure, revenues, contingent liabilities, government structures (e.g., federal), and the like, as well as the impact of debt on interest rates. The book further provides in-depth debt sustainability analyses for the People’s Republic of China, India, and Viet Nam. Public Debt Sustainability in Developing Asia offers a comprehensive analytical and empirical update on the sustainability of public debt in the region. It breaks new ground in examining characteristics that are crucial to understanding sustainability and offers richer policy analysis that should prove useful for policymakers, researchers, and graduate students.
| Author | : Alfred Greiner |
| Publisher | : Springer |
| Total Pages | : 284 |
| Release | : 2014-10-14 |
| Genre | : Business & Economics |
| ISBN | : 3319093487 |
Download Public Debt, Sustainability and Economic Growth Book in PDF, ePub and Kindle
Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the mechanisms that make public deficits and debt influence the economy are not so easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. It is shown under which conditions a government can stick to the intertemporal budget constraint and then, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for models with complete labor markets as well as taking into account labor market imperfections. The focus in this book is on fiscal policy issues, but it also deals with monetary policy aspects. The theoretical analysis is complemented with empirical time series analyses on debt sustainability and with panel studies dealing with the relationship between public debt and economic growth.
| Author | : Cansın Kemal Can |
| Publisher | : Cambridge Scholars Publishing |
| Total Pages | : 156 |
| Release | : 2021-06-09 |
| Genre | : Business & Economics |
| ISBN | : 1527570789 |
Download Quantifying the Sustainability of Public Debt Book in PDF, ePub and Kindle
Despite its beneficial aspects, public debt can be hazardous for macroeconomic performance should it reach unrepayable levels as a consequence of snowballing explosive trends. Failure to monitor the existing trend in public debt in order to detect such divergences from the stable path, and the lack of an adaptive public financial management can potentially culminate in a public debt crisis whose disruptive economic impacts can permeate all sectors of the economy very swiftly. However, public debt sustainability is a vague concept with no straightforward operational definitions. In addition, its multi-faceted nature is an impediment for the implementation of real-world appraisal of the fiscal posture from a stability viewpoint. As such, quantifying the public debt sustainability is essential for overhauling the fiscal policies so as to avoid a potential debt crisis stemming from malfunctioning fiscal policies. This book provides the reader with a practical and straightforward framework that outlines a tool for undertaking public debt sustainability analysis. In order to guide further empirical investigations, the discussion in this book is underpinned by a real-world application of the model which highlights the practical aspects of the tool with reference to time-varying empirical evidence from a developing country.
| Author | : Ferrarini, Benno |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 456 |
| Release | : 2022-02-22 |
| Genre | : Business & Economics |
| ISBN | : 1800883722 |
Download The Sustainability of Asia’s Debt Book in PDF, ePub and Kindle
This is an open access title available under the terms of a [CC BY 3.0 IGO] License. It is free to read, download and share on Elgaronline.com. Asia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers’ in the early 70s, to the more recent takeoffs of the People’s Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 12 |
| Release | : 2004-01-08 |
| Genre | : Business & Economics |
| ISBN | : 1451821115 |
Download Kenya Book in PDF, ePub and Kindle
This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the achievement of debt sustainability. The DSA also confirms that such a debt rescheduling could constitute an appropriate exit strategy for Kenya. The DSA also shows that debt sustainability would improve significantly with a concessional rescheduling, particularly under the Naples terms.
| Author | : Reinhard Neck |
| Publisher | : MIT Press |
| Total Pages | : 281 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : 0262140985 |
Download Sustainability of Public Debt Book in PDF, ePub and Kindle
Theoretical and empirical perspectives on how fiscal policies in Europe and the United States can avoid government bankruptcy.
| Author | : Ludger Schuknecht |
| Publisher | : Cambridge University Press |
| Total Pages | : 176 |
| Release | : 2022-09-15 |
| Genre | : Business & Economics |
| ISBN | : 1009218492 |
Download Debt Sustainability Book in PDF, ePub and Kindle
This study presents the facts, arguments and scenarios around public debt from a global perspective. Especially the largest economies feature record debt and fiscal risks, including from population ageing and financial imbalances. Given low interest rates, there is no imminent problem. But at some point, debt will have to come down. There are four possible scenarios how debt could come down. First, governments could economise and reform. Second, governments could default. Third, governments could erode the real value of debt via inflation and negative real interest rates. However, this scenario cannot continue forever. Policy errors can prompt a loss of confidence, destabilisation and crisis. This fourth scenario last included the largest economies in the 1970s. It would become a major global challenge if it were to happen again in today's interconnected world.
| Author | : George Kopits |
| Publisher | : OUP Oxford |
| Total Pages | : 300 |
| Release | : 2013-10-17 |
| Genre | : Business & Economics |
| ISBN | : 0191665428 |
Download Restoring Public Debt Sustainability Book in PDF, ePub and Kindle
Restoring Public Debt Sustainability: The Role of Independent Fiscal Institutions represents the first comprehensive survey of a new generation of independent fiscal institutions, established to promote transparency in public finances through real-time monitoring of the soundness of budgetary policymaking. The chapters, authored by heads of the institutions, as well as distinguished policy analysts and academics, explore the rationale and experience of these fiscal watchdogs. Consequently, useful lessons and implications are drawn for the design and practical operation of such institutions. The timeliness of the volume is underscored by the potential role of fiscal watchdogs in containing the public debt crisis that has engulfed a number of countries. Indeed, the recent proliferation of these institutions has been in response to the need for enhancing policy credibility of highly indebted governments in financial markets and, more generally, for strengthening the quality of economic governance. The first part of the book deals with key analytical and institutional issues: the political environment, the scope and limits of these institutions, the delegation of monetary policymaking to an independent body, and the implications of rising public indebtedness. The second part contains case studies of institutions that, for the most part, were born as a result of domestic political developments. The third part presents the experience of institutions whose origins can be traced directly or indirectly to an earlier or a recent financial crisis. The chapters are written from a multidisciplinary - economic, financial, political, legal - perspective, intended for academics, researchers, and practitioners alike.
| Author | : Yasemin Bal Gunduz |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 2017-05-09 |
| Genre | : Business & Economics |
| ISBN | : 1475599730 |
Download Debt Sustainability in Low-Income Countries Book in PDF, ePub and Kindle
This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies. The most prominent factors in raising the risk of debt distress are the weak protection of private property rights, adverse shocks to real non-oil commodity prices, and a high debt burden. Results also suggest that weak economic institutions tend to raise the probability of debt distress through persistently weak economic policies and high vulnerability to external shocks. The model enables a more granular analysis of debt sustainability in LICs and has a higher predictive power compared to the earlier scant literature.
