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A brief examination of public and private debt suggests that the relation between the two is highly significant, and …
Persistent link: https://www.econbiz.de/10008490105
Persistent link: https://www.econbiz.de/10013459233
Comments on: Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody who describe the debate over collective action clauses, which have been considered by the G-7,G-10, G-20, G-22, G-30, Institute of International Finance (IIF),International Monetary Fund, International Monetary and Financial...
Persistent link: https://www.econbiz.de/10005835825
Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...
Persistent link: https://www.econbiz.de/10005836490
In both developed and developing countries, there are basically two main sources of economic instability: exogenous shocks and inappropriate policies. Exogenous shock (terms-of-trade shocks, natural disasters and capital flow reversals) can throw an economy into disequilibrium and therefore...
Persistent link: https://www.econbiz.de/10005836865
Nothing new here---just a concise yet detailed presentation of the simple but inexorable algebra of sustainability.
Persistent link: https://www.econbiz.de/10005837230
Implemented widely in the area of corporate finance, Hamada’s Equation enables one to separate the financial risk of a levered firm from its business risk. The relationship, which results from combining the Modigliani-Miller capital structuring theorems with the Capital Asset Pricing Model, is...
Persistent link: https://www.econbiz.de/10005837485
This research addresses main question of the conditions of debt-constraint expropriation and debt … predicts that debt is bonding and monitoring mechanism for managers’ perquisites action. Expropriation of minority shareholders … research argues that the use of debt will minimize the expropriation level and maintain certain control to managers and …
Persistent link: https://www.econbiz.de/10011257694
the country’s creditworthiness. Therefore, a default and debt restructuring were inevitable sooner or later—and certainly … budget deficit and public debt figures. The prosaic tale of the supposed inevitability of the Greek tragedy has been endorsed … about 50 percent of the time. Does that tell you something?” In reality, Greece’s road to default and debt restructuring in …
Persistent link: https://www.econbiz.de/10011258123
Force = K_PROD Inflation indexed Productivity Index: K_Index_Infl. / Labor Force = K_PROD_Infl. Debt-to-K_Index: National … debt / K_Index = K_Debt Debt-to-K_Index_Infl: National debt / K_Index_Infl. = K_Debt_Infl. …
Persistent link: https://www.econbiz.de/10011258559