The paper deals with unintended consequences of the monetary union for the level of debt in the member countries of the … the low inflation ones (e.g. Germany). Different rates of growth of private or total domestic debt in individual countries … were closely connected to inflation differentials. Thus the debt was rising very rapidly in high inflation countries …

The paper considers modern frameworks of public debt management from a credibility perspective. It focuses on the … institutional and operational arrangements of effective debt management. In particular, the author seeks to shed light upon the … contemporary problems of Czech debt manager compared with OECD and EU debt managers. The author calls for a broader public debate …

This article focuses on the development and resolution of Czechoslovak state debt from 1945 to 1953. It describes two … distinct periods. Between 1945 and 1948, the budget followed a prewar structure where debt constituted a separate part. These … times were characterized by an increase of state debt as a result of a postwar economic reconstruction. From 1949 to 1953 …

The interpretation of the relation between a budget deficit and a government debt in the standard economic theory is … based on its unilateral causality, where the government debt comes into being due to the accumulation of budget deficits …. The presented results endorse the hypothesis that the influence of stock-flow adjustment on the development of the debt …