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: The Role of Reserve Accumulation," focuses on nine Asian economies: China, India, Indonesia, Japan, Korea, Malaysia …-by-country basis. In addition to public debt, we trace out the evolution of its composition between domestic and external borrowing …. Total external debt (public and private) and domestic credit are also included through 2013. This combination gives a broad …
Persistent link: https://www.econbiz.de/10013072865
This paper focuses on some of the macroeconomic risks that lie ahead for Latin America. The discussion is informed by my work on crises and capital flows and their macroeconomic consequences. The trends and initial conditions that allowed the region to weather the global economic storm of...
Persistent link: https://www.econbiz.de/10011258911
; with government revenues dragged down, fiscal deficits worsen; deficits lead to debt; as debt piles up rating downgrades …
Persistent link: https://www.econbiz.de/10005260146
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
In a recent paper, we studied economic growth and inflation at different levels of government and external debt. The … States), debt-growth causality (our book emphasizes the bi-directional nature of the relationship), as well as nonlinearities … in the debt-growth connection and thresholds evident in the data (absolutely central points that seem to have been lost …
Persistent link: https://www.econbiz.de/10008490100
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that...
Persistent link: https://www.econbiz.de/10008528727
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that...
Persistent link: https://www.econbiz.de/10008528737
external debt crises is a very tortuous process that sometimes takes a century or more. For banking crises, we simply do not …
Persistent link: https://www.econbiz.de/10008534540
. Fiscal multipliers: North and South; Emerging markets and global crowding out; Domestic debt is no panacea; and Above all …--remember debt intolerance! …
Persistent link: https://www.econbiz.de/10005108451
The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...
Persistent link: https://www.econbiz.de/10008577646