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debt practices and financialization in contemporary societies. I draw on the literature to discuss that in the business of … debt, the winners are likely to be elite borrowers and powerful financial organizations; the losers are likely to be non …-elite borrowers who face various constraints as evidenced by their debt profile, have low power compared to financial organizations in …
Persistent link: https://www.econbiz.de/10013014678
Persistent link: https://www.econbiz.de/10013044510
In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk …' interest by the borrowing government at the time of debt repayment, which captures the lenders' trust in the government …'s propensity to repay the debt and is denoted as α, also determines the default risk: a higher α means a lower default risk ceteris …
Persistent link: https://www.econbiz.de/10010512528
In this paper, the author considers sovereign debt in the form of one-period government bonds with default risk, which … debt share also determines the default risk: a higher domestic debt share means a lower default risk, ceteris paribus …, which leads to a lower risk premium; while a lower domestic debt share means a higher default risk and a higher risk premium …
Persistent link: https://www.econbiz.de/10011349880
typically experience spikes in sovereign indebtedness following financial crises, the government debt problem today is made … support flagging economic growth, while mapping a course for medium and long term debt reduction. Unfortunately, in the US … to act on the Commission's recommendations, unless it agrees on alternative proposals to address the deficit and debt …
Persistent link: https://www.econbiz.de/10013136652
This study, in Italian language, examines the quarterly evolution of Italy's sovereign debt, its stock of government …: Un Altro Anno a Debito per l'Italia (2010: Another Year of Debt for Italy) (April 10, 2011). Available at SSRN: http …://ssrn.com/abstract=180648. Mazziero, Maurizio, Italia 1q2011: Pil, Debito & Co. (Italy 1q2011: GDP, Debt & Co.) (May 17, 2011). Available at …
Persistent link: https://www.econbiz.de/10013117482
Following the financial crisis in 2008/09, concern on some EU countries' public debt has continued to deepen in 2010 … a debt crisis in the Euro Area. If at first the issue was to decide between stimulus and consolidation, now consensus … financial crisis has caused the deterioration of the debt/GDP ratio, and to assess the fiscal adjustment required for its …
Persistent link: https://www.econbiz.de/10013122357
power, the debt limit or debt ceiling, of $14.294 trillion. In theory, reaching the debt limit constrains the Treasury …'s regular methods of financing federal activities or meeting government obligations. Treasury cannot issue new debt to manage … short-term cash flows or to finance an annual deficit if such new borrowing causes the debt to exceed the statutory limit …
Persistent link: https://www.econbiz.de/10013124504
This study, in Italian language, examines the quarterly evolution of Italy's sovereign debt, its stock of government …: Another Year of Debt for Italy) (April 10, 2011). Available at SSRN: http://ssrn.com/abstract=180648 …
Persistent link: https://www.econbiz.de/10013124507
Compared to private debtors, sovereign debtors, especially EU-sovereign debtors, enjoy many privileges under European Union law and under national laws. They are, for example, exempt from the prospectus requirement and not subject to the continuous disclosure obligations. The prohibition on...
Persistent link: https://www.econbiz.de/10013097749