Narrow search
Showing 1 - 10 of 159,414
Cover Image
The effects of public debt management on macroeconomic equilibrium : an analysis of the Brazilian economy
Gomes da Silva, Cleomar; Pires, Manoel Carlos de Castro; … - In: Economia : revista da ANPEC 15 (2014) 2, pp. 174-188
The aim of this paper is to study the effects of public debt management on yield curve spreads in Brazil, in order to …
Persistent link: https://www.econbiz.de/10011865260
Cover Image
A gerência recente do endividamento público brasileiro
Gomes, Pedro; Garcia, Márcio Gomes Pinto - 2011
the current size, maturity and composition of the public debt stock. -- optimal public debt management ; Brazil ; public …
Persistent link: https://www.econbiz.de/10009315501
Cover Image
Fiscal fatigue and public debt limit in Brazil : are we on sustainable path?
Pereira, Rodrigo Mendes - 2020
In this paper I use Ghosh et al. (2013) approach to assess Brazil's fiscal sustainability, fiscal fatigue, and public … debt limit. Using monthly data for the last 21 years, I estimate Brazil's fiscal reaction function and an eventual fiscal … higher levels of debt. I show that fiscal fatigue occurs at relatively mild levels of debt in Brazil. I also define Brazil …
Persistent link: https://www.econbiz.de/10012266960
Cover Image
Fiscal insurance and public debt management : evidence for a large emerging economy
Mendonça, Helder Ferreira de; Pessanha, Kelli Manhães - In: Economia : revista da ANPEC 15 (2014) 2, pp. 162-173
This paper is a contribution to the analysis concerning fiscal insurance and public debt management. We built fiscal indicators and present empirical evidence for the effect of the public debt management on the fiscal insurance based on the Brazilian economy. The analysis is based on two steps:...
Persistent link: https://www.econbiz.de/10011865255
Cover Image
Debt Management in Brazil : Evaluation of the Real Plan and Challenges Ahead
Bevilaqua, Afonso S.; Garcia, Marcio G. P. - 2004
In 1994-98, Brazil's domestic debt grew very rapidly while remaining short in maturity. The main policy recommendations …. Brazil's domestic debt has posed two challenges to policymakers: it has grown very fast and, despite progress, remains … extremely short in maturity. Bevilaqua and Garcia analyze Brazil's experience with domestic public debt management, searching …
Persistent link: https://www.econbiz.de/10014156158
Cover Image
Debt Rule Design in Theory and Practice : The SGP's Debt Benchmark Revisited
Hauptmeier, Sebastian - 2020
This paper is linked to two debates on fiscal policies: first, the implications of low interest-growth differentials for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of government debt anchor and the speed of adjustment take centre...
Persistent link: https://www.econbiz.de/10012840203
Cover Image
Debt sustainability in the case of external debt : an analysis based on Italy's treasury auctions
Cafiso, Gianluca - 2014
The objective of this paper is to assess whether external debt makes a difference for public debt stabilization, where external debt is considered through the non-residents' holdings according to a Balance of Payments perspective. The analysis is empirical and considers the case of Italy, one of...
Persistent link: https://www.econbiz.de/10010418130
Cover Image
The sovereign default problem in the Eurozone : an insurance-based approach
Arnold, Nadjeschda Katharina; Rees, Ray - 2015
This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that applying insurance theory is useful. We model risk neutral agents choosing portfolios of government bonds of n countries in a monetary union and other assets. We firstly analyse a...
Persistent link: https://www.econbiz.de/10010533082
Cover Image
State Contingent Debt as Insurance for Euro-Area Sovereigns
Demertzis, Maria - 2019
The euro-area sovereign debt crisis is receding. Europe is on a recovery path, growth is broad-based and unemployment is falling. One after the other, countries hit hardest by the crisis are exiting their adjustment programmes. However, debt remains high in most countries and future debt crises...
Persistent link: https://www.econbiz.de/10012899409
Cover Image
Risk Management Optimization for Sovereign Debt Restructuring
Consiglio, Andrea - 2016
Debt restructuring is one of the policy tools available for resolving sovereign debt crises and, while unorthodox, it is not uncommon. We propose a scenario analysis for debt sustainability and integrate it with scenario optimization for risk management in restructuring sovereign debt. The...
Persistent link: https://www.econbiz.de/10013006075