debt ratio and fiscal sustainability. While the approach suggests a macroeconomic policy mix and strategies for both fiscal …

debt practices and financialization in contemporary societies. I draw on the literature to discuss that in the business of … debt, the winners are likely to be elite borrowers and powerful financial organizations; the losers are likely to be non …-elite borrowers who face various constraints as evidenced by their debt profile, have low power compared to financial organizations in …

Venture debt, or loans to rapid-growth start-ups, is a puzzle. How are start-ups with no track records, positive cash … flows, tangible collateral, or personal guarantees from entrepreneurs able to attract billions of dollars in loans each year …? And why do start-ups take on debt rather than rely exclusively on equity investments from angel investors and venture …

In this paper we build a theoretical model of a firm repurchasing its corporate debt. We find that firm creditors as a … group sell debt to the firm only at face value. However, because of the cross-creditor externalities buying back debt is … cheaper and easier when there are many creditors, e.g., when debt is traded on the open market. We further show that …

Both student loans and household debt are at their peaks. This paper investigates how student loans causally impact … debt holdings of individuals in the medium-run using data from the National Longitudinal Survey of Youth 1997. To identify … the causal effect of student loans on future debt holdings, I instrument the amount of student loan debt with eligibility …