عنوان

A decade of debt /

شابک

0881326224

شابک

9780881326222

شماره

b520811

عنوان اصلي

A decade of debt /

نام عام مواد

[Book]

نام نخستين پديدآور

Carmen M. Reinhart and Kenneth S. Rogoff

محل نشرو پخش و غیره

Washington, DC :

نام ناشر، پخش کننده و غيره

Peterson Institute For International Economics,

تاریخ نشرو بخش و غیره

2011

نام خاص و کميت اثر

xix, 157 pages :

ساير جزييات

illustrations ;

ابعاد

23 cm

عنوان فروست

Policy analyses in international economics ;

مشخصه جلد

95

متن يادداشت

Includes bibliographical references and index

متن يادداشت

A decade of debt: Surges in public debt ; The financial crash : sovereign debt crisis sequence ; Debt and growth ; Aftermath of high debt : the 1930s and World War II -- Chartbook of country histories of debt, default, and financial crises: Preamble ; Key to figures and methodology notes ; Debt and crises : main themes

بدون عنوان

0

متن يادداشت

This book presents evidence that public debts in the advanced economies have surged in recent years to levels not recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At the same time, private debt levels, particularly those of financial institutions and households, are in uncharted territory and are (in varying degrees) a contingent liability of the public sector in many countries. Historically, high leverage episodes have been associated with slower economic growth and a higher incidence of default or, more generally, restructuring of public and private debts. A more subtle form of debt restructuring in the guise of financial repression (which had its heyday during the tightly regulated Bretton Woods system) also importantly facilitated sharper and more rapid debt reduction than would have otherwise been the case from the late 1940s to the 1970s. It is conjectured here that the pressing needs of governments to reduce debt rollover risks and curb rising interest expenditures in light of the substantial debt overhang (combined with the widespread official aversion to explicit restructuring) are leading to a revival of financial repression, including more directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, and tighter regulation on cross-border capital movements

موضوع مستند نشده

Debts, Public

موضوع مستند نشده

Finance, Public

شماره

ويراست

شماره رده

نشانه اثر

مستند نام اشخاص تاييد نشده

Reinhart, Carmen M

مستند نام اشخاص تاييد نشده

Rogoff, Kenneth S

تاريخ عمليات

20141128190832.0

نام الکترونيکي

نوع ماده

[Book]

تكميل شده

Y