Showing 1 - 10 of 3,491
sovereign debt crisis has fundamentally changed the rules of the game in sovereign debt markets, particularly in the euro area … seen dramatic downgrades of their sovereign debt ratings so that they face soaring risk spreads and unsustainably high …
Persistent link: https://www.econbiz.de/10011689961
: the primary balance, real GDP growth, real interest rates, and exchange rates. We study New Zealand's debt dynamics over …), while the automatic debt dynamics (the interest-growth differential and exchange rates) are relatively benign. …This paper develops a framework to decompose the change in New Zealand's public debt ratio into four component effects …
Persistent link: https://www.econbiz.de/10012115723
This paper models both the supply and demand of Australian non-commodity exports. We derive long-run export demand relationships from first principles. On the demand side, the paper finds a relatively low substitution elasticity between Australian exports and a broad basket of foreign produced...
Persistent link: https://www.econbiz.de/10012144180
The purpose of this article is to identify changes in the development of national fiscal rules in response to the crisis, in terms of the new economic governance in the EU. In-depth analysis was carried out on the example of the three countries that have the highest Fiscal Rule Strength Index,...
Persistent link: https://www.econbiz.de/10012232267
. The paper also evaluates the interdependence between the loan amount (debt and liabilities of the financial sector) on one …
Persistent link: https://www.econbiz.de/10013199643
head in the 50-59 age group) in Japan do not have inordinate amounts of debt and that their financial health is … satisfactory. However, we also find that households with a head in the 30-39 age group have shown a sharp increase in debt holdings … normalizes its monetary policy, especially since households have become more vulnerable to rising interest rates as the share of …
Persistent link: https://www.econbiz.de/10012430021
Since the mid-1980s Uganda has had debt strategies, which clearly laid down procedures for negotiating new loans and … emphasized commitment to reduce the stock of debt arrears. Over this period, the country went through six Paris Club negotiations … and debt reduction operations. Uganda became the first country to qualify for the heavily indebted poor countries (HIPCs …
Persistent link: https://www.econbiz.de/10010279282
In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on …) made it possible for domestic investors to absorb most of the government debt but that foreign holdings of Japanese … government debt has not wreaked havoc in the past because of robust domestic saving and a temporary inflow of foreign capital …
Persistent link: https://www.econbiz.de/10010332404
In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on …) made it possible for domestic investors to absorb most of the government debt but that foreign holdings of Japanese … government debt has not wreaked havoc in the past because of robust domestic saving and a temporary inflow of foreign capital …
Persistent link: https://www.econbiz.de/10010333541
are now attempting to lower debt ratios. We analyze past debt reduction episodes and find inflation and the real interest … rate were the most frequent main drivers, while higher growth, fiscal consolidation and debt restructuring were relatively …During the pandemic, public debt in Latin America and the Caribbean rose to more than 70 percent of GDP, and countries …
Persistent link: https://www.econbiz.de/10014563995