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In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. I illustrate this...
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This paper describes the growth of the Singapore Government Securities (SGS) market. It elaborates on the balanced … budget policy of the Singapore government, explains how SGS are issued unrelated to fiscal needs and describes how a liquid …
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