Showing 1 - 10 of 80,557
This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government borrowing rates, to a "model based" view which uses...
Persistent link: https://www.econbiz.de/10013170526
Persistent link: https://www.econbiz.de/10013461088
Persistent link: https://www.econbiz.de/10013188253
Persistent link: https://www.econbiz.de/10010388634
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...
Persistent link: https://www.econbiz.de/10013053046
Persistent link: https://www.econbiz.de/10014235368
Persistent link: https://www.econbiz.de/10011587127
Persistent link: https://www.econbiz.de/10012603187
Societies often rely on simple rules to restrict the size and behavior of governments. When fiscal and monetary policies are conducted by a discretionary and profligate government, I find that revenue ceilings vastly outperform debt, deficit and monetary rules, both in effectiveness at curbing...
Persistent link: https://www.econbiz.de/10012137093
international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the … a determinant of risk premium; iii) a negative effect of international reserves on interest rates, as expected; iv …) higher reserves decrease risk premia, for long-term interest rates; v) the significance of spillovers fades once the …
Persistent link: https://www.econbiz.de/10012504452