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A Next Step in Debt Enforcement: the Merger of Debt Help and Debt Collection
Journal of Consumer Policy, 2012Since the 1990s, each Member State of the European Union designed a policy that infused the liberal American fresh start policy into its own social institutions and legal culture. Especially in countries with a civil law tradition, the legal position of the consumer has improved.
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A Fable on Debt and Debt Management
2022Kalecki told a fable about how a forged banknote may circulate in an impoverished community paying off debts. The fable reveals the necessity for liquidity in a financial system conceived as a group of mutually-indebted agents, who can maintain payments on their debts as long as they have enough liquidity, or can sell debt claims to each other, or a ...
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Problems in Economics, 1988
No one is satisfied with the state of our economy. Two of its major, "built-in" flaws—the producer's monopoly in the face of general scarcity, and the enterprises' lack of interest in scientific-technological progress—are probably obvious to everyone. But I am certain that there are no sages today at the top or the bottom who would venture to say that ...
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No one is satisfied with the state of our economy. Two of its major, "built-in" flaws—the producer's monopoly in the face of general scarcity, and the enterprises' lack of interest in scientific-technological progress—are probably obvious to everyone. But I am certain that there are no sages today at the top or the bottom who would venture to say that ...
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Debt relief and debt rescheduling
Journal of Development Economics, 1991Abstract In this paper we study the implications of assuming that bank syndicates and debtor countries entered into implicit debt contracts during the 1970s. Our approach rests on the assumption that loan contracts charged a risk premium because banks entertained the possibility of borrowers' default.
Guillermo A. Calvo, Graciela L. Kaminsky
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Government Debt and Debt Management
1973During the war years, as a direct and indirect result of the occupation, a huge financial deficit on Government account had accumulated. This had been financed to a relatively small extent by long-term borrowing (via the issue of semi-obligatory war loans) but mainly by the placement of Treasury paper with the banking system.
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The crowding out effect of central versus local government debt: Evidence from China
Pacific-Basin Finance Journal, 2022Man Zhang
exaly