types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability …

boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the …

relies on distortionary taxation and decides between full debt repayment and costly default. It tends to overborrow due to … close-to-default states. These bailouts can lead to an increase in the mean debt price and a lower default probability that … public debt never decreases in the long-run when bailout loans are available. …

. Serious economic issues need to be addressed, the country has high public debt, and its small and medium enterprises – the …

Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of … debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is … there an optimal maturity structure of public debt? Using a stochastic Diamond OLG model, we tackle these questions. We show …