The Liquidation of Government Debt PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Liquidation of Government Debt PDF full book. Access full book title The Liquidation of Government Debt by Ms.Carmen Reinhart. Download full books in PDF and EPUB format.
Author: Ms.Carmen Reinhart
Publisher: International Monetary Fund
ISBN: 1498338380
Category : Business & Economics
Languages : en
Pages : 47
Get Book Here
Book Description
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Author: Ms.Carmen Reinhart
Publisher: International Monetary Fund
ISBN: 1498338380
Category : Business & Economics
Languages : en
Pages : 47
Get Book Here
Book Description
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Author: Jeremy Wormell
Publisher: Routledge
ISBN: 1134604068
Category : Business & Economics
Languages : en
Pages : 1041
Get Book Here
Book Description
This impressive and pioneering work describes and analyses the management of the national debt of the United Kingdom from the Boer War (1899-1902) to the period of the Great Depression in the early 1930s. It therefore spans the expansion of the debt during the Great War of 1914-18 and the struggle to bring its structure and cost under control in the decade and a half following Armistice. The Management of the National Debt in the United Kingdom is the first definitive work on the subject. Using an impressive array of research, from archives and unpublished material, Jeremy Wormell has brought together material that is unavailable in any other form. It will be an invaluable resource for political and economic historians, as well as economists in general, civil servants, bankers and financial journalists.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1576
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 890
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1298
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 1268
Get Book Here
Book Description
Author: Michael Altschul
Publisher: JHU Press
ISBN: 1421436183
Category : History
Languages : en
Pages : 228
Get Book Here
Book Description
Originally published in 1965. In A Baronial Family in Medieval England: The Clares, 1217–1314, Michael Altschul studies the Clare family during the thirteenth century. The Clares spearheaded the struggle to enforce Magna Carta in the Barons' War. Historians prior to Altschul tended to neglect the Clares' history given the scattered nature of the archives documenting their time as a politically influential and powerful family. This book unfolds chronologically, outlining the Clares' rise to preeminence and describing how they administered their estates and income.
Author:
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 1458
Get Book Here
Book Description
Author: John Sherman Porter
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 1450
Get Book Here
Book Description
Author: John Moody
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 1254
Get Book Here
Book Description
