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Political uncertainty and the choice of debt sources

Ben-Nasr, Hamdi; Bouslimi, Lobna; Ebrahim, Muhammed Shahid - In: Journal of international financial markets, … 64 (2020), pp. 1-17

Persistent link: https://www.econbiz.de/10012495664

At the Core of the Sovereign Crisis in Spain : Restructuring Subnational Debt vs Internal Bail-Out

Tirado, Ignacio - 2013

Spain´s sovereign crisis has many sides and causes. An unviable economic model and an insolvent financial sector generated a private sector crisis that rapidly spread to the Government´s balance sheet. The public sector itself had –and continues to have- its own serious dysfunctions. One of...

Persistent link: https://www.econbiz.de/10013076101

Inflation Target and Debt Management of Local Government Bonds

Fujiki, Hiroshi - 2011

We show that the optimal inflation target imposed on a discretionary central bank varies with the extent of fiscal decentralization. Our analysis compares two fiscal regimes for local government bond management: the partially decentralized (PD) regime where the central government determines the...

Persistent link: https://www.econbiz.de/10012756986

Ensuring fiscal sustainability in Japan in the context of a shrinking and ageing population

Jones, Randall Sidney; Fukawa, Kohei - 2017

With gross government debt of 219% of GDP in 2016, Japan’s fiscal situation is in uncharted territory and puts the economy at risk. In addition to raising productivity and growth, Japan needs a more detailed and credible fiscal consolidation path, including specific revenue increases and...

Persistent link: https://www.econbiz.de/10011732716

Elections, economic development and debt servicing in Africa

Quaicoe, Serebour - In: Cogent economics & finance 11 (2023) 1, pp. 1-20

Despite the growing public debate on fiscal surprise during election periods in jurisdictions where the democratic … study provides evidence from the dynamic system GMM and the ordinry least squares estimators to show that- (1) election … servicing commitments even in election periods. Policy recommendations are provided in line with the growing levels of debt …

Persistent link: https://www.econbiz.de/10014500527