搜索结果: 1-15 共查到“经济学 debt”相关记录41条 . 查询时间(0.053 秒)
Sovereign Default and Repudiation: The Emerging-Market Debt Crisis in U.S. States, 1839-1843
Sovereign Default Repudiation
2015/9/22
n 1841 and 1842, eight states and the Territory of Florida defaulted on their sovereign
debts. Traditional histories of the default crisis have stressed the causal role of the depression
that began ...
Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns
Income insurance capital markets international
2015/9/21
Using a variance decomposition of shocks to GDP, we quantify the role of international factor income, international transfers, and saving in achieving risk sharing during the recent
European crisis. ...
Towards a Political-Economic Theory of Domestic Debt
Political-Economic Theory Domestic Debt
2015/9/18
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
Equity Depletion from Government-Guaranteed Debt
Equity Depletion Government-Guaranteed Debt
2015/7/20
Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Mille...
Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
National debt deficit fiscal policy
2015/7/20
Using a recursive empirical model of the real interest rate, GDP growth and the primary government deficit in the United States, I solve for the ergodic distribution of the debt/GDP ratio. If such a d...
Internal Financing of Multinational Subsidiaries:Debt vs. Equity
Financing and Loans Borrowing and Debt Global Range
2015/5/13
Internal Financing of Multinational Subsidiaries: Debt vs. Equity.
The Maturity of Debt Issues and Predictable Variation in Bond Returns
Borrowing and Debt Bonds Investment Return Financial Markets Forecasting and Prediction
2015/5/13
The maturity of new debt issues predicts excess bond returns. When the share of long term debt issues in total debt issues is high, future excess bond returns are low. This predictive power comes in t...
Financial Repression in the European Sovereign Debt Crisis
Credit Cycles Sovereign Debt Financial Repression Sovereign Finance Greece
2015/4/29
By the end of 2013, the share of government debt held by the domestic banking sectors of Eurozone countries was more than twice its 2007 level. We show that this type of increasing reliance on the dom...
Using both quasi- and Precise-Regression Discontinuity designs we provide new evidence on third-party costs of technical defaults that have not been examined previously in the literature. In particula...
Government Debt Management at the Zero Lower Bound
Government Debt Sovereign Finance Borrowing and Debt United States
2015/4/28
This paper re-examines government debt management policy in light of the U.S. experience with extraordinary fiscal and monetary policies since 2008. We first document that the Treasury's decision to l...
Debt Redemption,Reserve Accumulation,and Exchange-Rate Regimes
Foreign Reserves Local-Currency Bonds Carry Trade Exchange-Rate Regimes International Finance
2015/4/28
Foreign participation in local-currency-bond markets in emerging countries has increased dramatically over the past decade. In light of this trend, we revisit the question of the optimal exchange-rate...
Public Debt, Growth and Poverty Reduction in a Failed State: Nigeria,1970-2011
Public Debt Growth and Poverty Reduction Failed State Nigeria
2014/12/26
Public Debt, Growth and Poverty Reduction in a Failed State: Nigeria,1970-2011.
The world’s economy experienced a devastating blow in the fall of 2008. In what appeared to be within the blink of an eye, financial markets buckled,
mighty economies previously relied on...
Take the Short Route: How to repay and restructure sovereign debt with multiple maturities
Take the Short Route repay and restructure sovereign debt multiple maturities
2014/3/12
We address the question of whether and how a sovereign should reduce its external indebtedness when default is a significant possibility, with a particular focus on whether a sovereign should buy back...
Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises
Crisis and Commitment Inflation Credibility the Vulnerability Sovereign Debt Crises
2014/3/12
We propose a continuous time model of nominal debt and investigate the role of inflation credibility in the potential for self-fulfilling debt crises. Inflation is costly, but reduces the real value o...