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The Financial Management of Local Governments in 2011 in Light of the Crowding-out effect of their debt service
Vasvári, Tamás - In: Public Finance Quarterly 58 (2013) 3, pp. 307-333
development of their indebtedness in the period between 2004 and 2010. I sought to put the object of my research – an area that … deficit and the level of local government indebtedness. It can be concluded that while the budget deficit increases net debt …
Persistent link: https://www.econbiz.de/10010696689
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Indebtedness before and after euro: an ARDL analysis of Portugal
Gaspar, Catarina; Fuinhas, José Alberto; Marques, … - Volkswirtschaftliche Fakultät, … - 2014
As a result of the transition to monetary stability, we analyzed the real effort rate with the debt service for … the presence of different variables in explaining the level of indebtedness in both periods. In the first period (1991M1 …- 1998M12), only financial effort is relevant when explaining the level of indebtedness of the economic agents. In the second …
Persistent link: https://www.econbiz.de/10011109431
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The deficit mechanism of the Hungarian municipalities
Vasvári, Tamás - Volkswirtschaftliche Fakultät, … - 2012
will lead, in the end to increasing municipal indebtedness. Increasing indebtedness, as a rule, results in increasing debt …
Persistent link: https://www.econbiz.de/10011114127
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Local debt: from budget responsibility to fiscal discipline
Dafflon, Bernard - Faculté des sciences économiques et sociales - … - 2010
In the past thirty years, local governments in most European countries have been granted at least limited access to borrowing. The rules in force include limitations on the amount of borrowing and/or debt service, restrictions on the purpose of debt and on borrowing from foreign institutions...
Persistent link: https://www.econbiz.de/10010593541
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An Overview on Sovereign Debt Evolution in the World
Pascal, Maria - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 1582-1587
retrospective of public indebtedness critical moments and an analysis of the current sovereign debt crisis that facing many …
Persistent link: https://www.econbiz.de/10010925945
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The uncertainty of debt service payments and economic growth of HIPCs: Is there a case for debt relief?
Dijkstra, Geske; Hermes, Niels - 2001
This paper investigates whether, and to what extent, the uncertainty with respect to the annual debt service payments may adversely affect economic growth of the group of highly indebted poor countries (HIPCs). We find supportive evidence for this hypothesis. Based on these results, we conclude...
Persistent link: https://www.econbiz.de/10010279163
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Capital Account Liberalization and Financial Sector Stability
International Monetary Fund (IMF); International … - 2002
Persistent link: https://www.econbiz.de/10005824821
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and …
Persistent link: https://www.econbiz.de/10005824823
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Economic Stabilization and Growth in Portugal
Schmitt, Hans O. - International Monetary Fund (IMF) - 1981
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861
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U.S. Fiscal Policies and Priorities for Long-Run Sustainability
Mühleisen, Martin; Towe, Christopher M. - International Monetary Fund (IMF) - 2004
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863