Sovereign Debt Composition In Advanced Economies A Historical Perspective

Author: S. M. Ali Abbas
Publisher: International Monetary Fund
ISBN: 1475593287
Size: 41.70 MB
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Rogoff, 2011, “The Forgotten History of Domestic Debt,” The Economic Journal,
Vol. 121, No. 52, pp. 319–350. 94Reinhart, C., andK.Rogoff, 2013, “Financial
andSovereign Debt Crises:Some Lessons Learnedand Those Forgotten,”
IMFWorkingPaperNo.13/266(WashingtonDC:International Monetary Fund).
Available via the Internet: http://www.imf.org/external/pubs/cat/longres.aspx?sk=
41173.0. 95 Reinhart, C., and B. Sbrancia, 2011, “The Liquidation of Government
Debt,” NBER ...

Saving The Euro

Author: Michael Schemmann
Publisher: CreateSpace
ISBN: 9781453612941
Size: 42.20 MB
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The book discusses the principles of money-creation, a rather mundane, banal and arbitrary way of conceiving and coining claims on resources.

Sovereign Debt Sd In Advanced Economies

Author: Rebecca M. Nelson
Publisher: DIANE Publishing
ISBN: 1437987109
Size: 10.10 MB
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Financial Repression Some economists argue that governments can also use
financial repression to lower debt levels.44 “Financial repression” generally
refers to the use of government policies to induce or force domestic investors to
buy government bonds at artificially low interest rates. Specifically, they sell
bonds at interest ... commitments for fiscal consolidation. 44 See, e.g., Carmen
Reinhart and M. Belen Sbrancia, The Liquidation of Government Debt, NBER
Working Paper, No.

The 13 Trillion Question

Author: David Wessel
Publisher: Brookings Institution Press
ISBN: 0815727062
Size: 17.15 MB
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Managing the U.S. Government's Debt David Wessel. Li, Canlin, and Min Wei.
2013. “Term Structure Modeling with ... “Overview of U.S. Debt Management” (
www .treasury.gov/about/organizational-structure/offices/Domestic-Finance /
Documents/Treas _ DebtMgmt_Overview.ppt). Reinhart, Carmen, and M. Belen
Sbrancia. 2011. “The Liquidation of Government Debts,” NBER Working Paper
16893 (Cambridge, Mass.: National Bureau of Economic Research). Ricks,
Morgan. 2013.

The Trouble With Markets

Author: Roger Bootle
Publisher: Nicholas Brealey Publishing
ISBN: 1857889886
Size: 14.86 MB
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6 7 10 11 12 13 Dt/Yt = (1+r)Dt1/(1+g)Yt1+bt Where Dt is government debt at time
t, Yt is GDP at time t, r is the nominal interest rate, g is the nominal growth rate of
GDP and b t is the primary fiscal balance as a share of GDP at time t. If r is greater
than g, the government will need to run a primary fiscal surplus to prevent the
debttoGDP ratio from rising. The larger ... See “The Liquidation of Government
Debt” by Carmen Reinhart and M. Belen Sbrancia, NBER Working Paper, No.
16893.

The Political Economy Of Public Debt

Author: Richard M. Salsman
Publisher: Edward Elgar Publishing
ISBN: 1785363387
Size: 56.29 MB
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Reinhart, C.M. and K.S. Rogoff (2010), “Growth in a time of debt,” American
Economic Review, 100(2), 573–78. Reinhart, C.M. and K.S. Rogoff (2011a), A
Decade of Debt, Washington, DC: Peterson Institute for International Economics.
Reinhart, C.M. and K.S. Rogoff (2011b), “From financial crash to debt crisis,”
American Economic Review, 101(5), 1676–706. Reinhart, C.M. and M.B.
Sbrancia (2011), “The liquidation of government debt,” NBER Working Paper, No.
16893, Cambridge ...

Finance Development June 2011

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1462378846
Size: 32.21 MB
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A year in which liquidation occurs is one in which the real rate of interest on the
portfolio is negative. This is a conservative definition. A more comprehensive
definition would include periods where the real interest rate on government debt
was below a real market rate. This definition captures the savings to the
government from having a negative real interest rate on government debt. These
savings can be thought of as a revenue equivalent for the government, which,
like regular ...

Government Bonds And Their Investors

Author: Mr. Jochen R. Andritzky
Publisher: International Monetary Fund
ISBN: 1475538561
Size: 80.97 MB
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Peiris, S., 2010, “Foreign Participation in Emerging Markets' Local Currency Bond
Markets,” IIVIF Working Paper 10/ 88. Reinhart, C., and S. Sbrancia, 2011, ”The
Liquidation of Government Debt,“ NBER Working Paper 16893, Cambridge,
Mass: National Bureau of Economic Research. Roley, V., 1979, “A Theory of
Federal Debt Management.” American Economic Review, Vol. 69 (5). Tobin, J .,
1958, “Liquidity Preference as Behavior Towards Risk,” Review of Economic
Studies, Vol.

The Death Of Money

Author: James Rickards
Publisher: Penguin
ISBN: 1101637242
Size: 36.28 MB
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Carmen M. Reinhart and Kenneth S. Rogoff, “Growth in a Time of Debt,” National
Bureau of Economic Research, Working Paper no. 15639, January 2010, http://
www.nber.org/papers/wlS639. 183 “The Liquidation of Government Debt”.
Carmen M. Reinhart and M. Belen Sbrancia, “The Liquidation of Government
Debt,” National Bureau of Economic Research, Working Paper no. 16893, March
2011, http://www.nber.org/papers /w 16893. 186 “A... reason why forward
guidance may be ...