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The article discusses the enormous private debt in Cyprus and how it impacts the conditions for economic recovery. It … multilateral financiers in reconstructing and funding viable institutions in Cyprus which can bring about change in the real … taking the fundamentals and facts of Cyprus into consideration rather than those of Europe as a whole. It is argued that the …
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In this study, we examine how public and private debt buildup is related to currency depreciation pressure. Our empirical analysis of a panel dataset of 59 advanced and emerging markets reveals that both private and public debt exacerbate currency vulnerability. However, the evidence of a...
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This paper examines the emergence of private debt-led growth in Canada since the Global Financial Crisis (GFC) by means of a growth regime and macroeconomic policy regime assessment. Examining each of the four business cycles in the 1983-2020 period, roughly encompassing the entirety of the...
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This paper discusses the financial sustainability of demand-led growth models. We assume a supermultiplier growth model in which household consumption is the autonomous component of demand that drives growth and discuss the financial sustainability of such dynamics of growth from the perspective...
Persistent link: https://www.econbiz.de/10014230824