unsustainable public debt dynamics and enormous contingent liabilities across sectors and countries coinciding with strong, non …

The financial crisis and recession have left a legacy of unusually large fiscal deficits and growing sovereign debt …. Fiscal space is defined as the room the government has to borrow before it hits a debt limit, the level of debt to GDP at … which the debt dynamics become unstable, unless the government undertakes exceptional fiscal action. The debt limit is a …

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an … budget deficits and the change in public debt). Governments can engage in creative accounting to hide borrowing and sugarcoat … were established. It discusses the extent to which the new German debt brake limits the borrowing of special funds and …

private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to … sovereign creditworthiness is deteriorating. Reducing excessive sovereign borrowing and strengthening countries' public debt …

This paper traces the transformation of the monetary architecture and concomitant sovereign debt issuance practices in … between states' treasuries, central banks, and the private banking system in matters of sovereign debt issuance. It discusses … issuance and management of sovereign debt, even before central banks and treasuries in the modern sense had formed. This is …

Climate change has both immediate and long-term consequences on the debt trajectories of developing countries. Their …

exchange transactions, issuance of debt and payment clearance, the dollar's share has not suffered a decline. To reform the …

This report explores the relationship between oil and gas dependency and a country's debt burden, where repayments are … government debt. By better understanding these links, it is possible to identify ways for countries to break the cycle of … reliance on oil and gas exports and increasing debt burdens, and to plan for a timely and just energy transition that is …

Since 2022 the European Central Bank and Danmarks Nationalbank have increased their key monetary policy rates at a … record pace. This study shows that the pass-through to retail rates has been stronger in Denmark than in the euro area so far …. Interest rate fixation periods are shorter in Denmark, debt turnover is higher and Danish households have more debt. Thus, the …