The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....

Key studies have identified the need to study the role of sovereign debt on economic growth, particularly in relation to countries with heavily oil based status economies. This paper applies a panel vector autoregressive approach to examine the impact of sovereign debt on economic prosperity in...

While international human rights law promulgates that economic, social and cultural rights (economic rights) be supported just as fervently as civil and political rights, the reality is, they are not. The Greek debt crisis and resulting austerity measures demonstrate how a growing world economy...

Trotz des größten Wirtschaftseinbruchs in der deutschen Nachkriegsgeschichte hat die internationale Krise die Bürger kaum erreicht. Das wird sich mittelfristig bedrohlich ändern, wenn es nicht gelingt, rechtzeitig eine aufziehende Kreditklemme und eine bedrohlich wachsende Staatsverschuldung...

We continue to struggle with the legacy of the 2008 financial crisis, which was fundamentally caused by the incurrence of too much leverage on the part of all economic participants, including individuals, private firms and financial institutions, and governments. Despite continued high...

U.S. public and private debt is traced to the decision of the First Congress in 1790 to borrow the new nation's money supply. This established a debt imperative that requires debt to grow by compounding interest. When debt fails to grow enough, the economy goes into various degrees of recession....

The Cyprus crisis is one of the most complex in the Eurozone - although in absolute terms it is a minor crisis. An analysis of the ongoing developments from different perspectives leads to the conclusion that we are witnessing a perfect storm of a financial crisis at the confluence of sovereign...

This paper investigates the relationship between economic growth and government debt for one of the biggest economies in the world, the economy of China. The data were fitted into a regression equation using econometric techniques such as unit root tests and Granger causality. Regarding unit...

The financial crisis that has been wreaking havoc in markets across the world since August 2007 had its origins in an asset price bubble that interacted with new kinds of financial innovations that masked risk; with companies that failed to follow their own risk management procedures; and with...

Perceptions of economic trends and growth rates around the world over the past two decades, especially in advanced economies, suggests that the world is in a period of low growth without external stimulus delivered via speculative activities in the financial markets or fiscal stimulus. But is...