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Making use of a post-Keynesian/Kaleckian two-country stock-flow consistent (SFC) simulation model, we shed light on different regimes in modern finance-dominated capitalism, their interaction at the global scale, and then on the changes in regimes after
Eckhard Hein +2 more
doaj +1 more source
Organizing the Technical Debt Landscape [PDF]
To date, several methods and tools for detecting source code and design anomalies have been developed. While each method focuses on identifying certain classes of source code anomalies that potentially relate to technical debt (TD), the overlaps and gaps
Nico Zazworka +8 more
core +1 more source
Debt Seniority and Sovereign Debt Crises [PDF]
Is the seniority structure of sovereign debt neutral for a government’s decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an optimal haircut to bondholders. We show that when the size of
Ari, Anil +2 more
openaire +5 more sources
Latin America and the Caribbean Standardized Public Debt Database: Data as of December 2019
The LAC Debt Group believes that to have sound regional policy it is important to have valid, comparable, and standardized data on Latin America and the Caribbean (LAC).
Inter-American Development Bank
core +1 more source
Bulgaria’s Path to the Euro: The Role and Legacy of the Currency Board [PDF]
Bulgaria’s monetary integration with Europe started with the creation of the currency board in 1997. This paper traces how hard constraints on central bank financing and money creation, combined with political consensus forged in crisis, restored ...
Charles Enoch, Anne-Marie Gulde
doaj +1 more source
Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet ...
Di Muzio, Tim, H. Robbins, Richard
core +1 more source
Dette et droits. Que signifie « payer sa peine » dans les prisons de Brasília
In this article, we present an ethnographic material and our interpretations of the meanings that people deprived of liberty in Brasília (Federal District) give to their daily experiences, paying particular attention to ...
Carolina Barreto Lemos, Marcus Cardoso
doaj +1 more source
With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal crises, thereby restricting the policy space in a downturn. The empirical evidence to date is however inconclusive, and the true cost of debt may be overstated if interest rates remain low.
Marialuz Moreno Badia +3 more
openaire +1 more source
Operating leases and the assessment of lease-debt substitutability [PDF]
Operating leases are estimated in the current paper to be approximately thirteen times larger than finance leases, on average. In recognition of this, the paper investigates the degree of substitutability between leasing and non-lease debt using a ...
Goodacre, Alan +6 more
core +1 more source
This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should governments eventually decide to do so. Orthodox ones for medium-term debt stabilization, the standard fare of officialdom, include enhancing growth, running primary budget surpluses, and privatizing government assets ...
Reinhart, Carmen +2 more
openaire +3 more sources

