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Analysis here is founded on certain analogies with the Great Depression of the Thirties and four fundamental points: innovations, changes in the market forms, changes in income distribution and the sustainability of debts. The duration of prosperity depends first of all on the importance and...
Persistent link: https://www.econbiz.de/10010854308
action to counter an unsustainable debt path. Collective action clauses, the sovereign debt restructuring mechanism, and … ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …
Persistent link: https://www.econbiz.de/10010752504
action to counter an unsustainable debt path. Collective action clauses, the sovereign debt restructuring mechanism, and … ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …
Persistent link: https://www.econbiz.de/10010752555
action to counter an unsustainable debt path. Collective action clauses, the sovereign debt restructuring mechanism, and … ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …
Persistent link: https://www.econbiz.de/10010658851
The sovereign debt crisis in the euro area has raised interest in early warning indicators, aimed at signalling the …
Persistent link: https://www.econbiz.de/10010862284
Analysis here is founded on certain analogies with the Great Depression of the Thirties and four fundamental points: innovations, changes in the market forms, changes in income distribution and the sustainability of debts. The duration of prosperity depends first of all on the importance and...
Persistent link: https://www.econbiz.de/10010854260
While often considered a purely ?nancial institution, the IMF has throughout its history performed non …. Their low income, the lack of signi?cant consequences for markets, the IMF?s traditional reluctance to criticise members, as … over the interests of private lenders. The continued importance of foreign aid in eligible countries also puts the IMF in …
Persistent link: https://www.econbiz.de/10008854373
preference for austerity in recent crisis lending. Though widely welcomed as overdue, the IMF’s shift away from what John …The latest global financial crisis has allowed the International Monetary Fund (IMF) a spectacular comeback. But … between the IMF and the EU, in which the EU has very actively promoted orthodox measures in return for loans. We argue that …
Persistent link: https://www.econbiz.de/10011071093
At a time when there is a serious debate about reforming the international financial architecture, it is important to understand how existing multilateral agencies affect financial flows to emerging and less-developed countries. This paper extends past research - which has focused on the...
Persistent link: https://www.econbiz.de/10005475925
derived from the business to be positively associated with debt use and the owner's age to be negatively associated with debt … use. We find that more debt is obtained if the business owner is married and less if he or she is black. Similarly, more … debt is prevalent among start-up firms in transportation and utilities than those in other industries. When debt obtained …
Persistent link: https://www.econbiz.de/10011310325