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

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 …