Results 11 to 20 of about 3,215,272 (341)
Understanding public debt dynamics [PDF]
Revista Brasileira de Ensino de Física, 2012 A brief account on the dynamics of public debt is given with the intent of explaining to high school students this crucial aspect in today's economic crisis. A simple model is proposed to argue that only for high enough values of an assumed constant rate
R. De Luca
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Debt Maturity and the Dynamics of Leverage [PDF]
SSRN Electronic Journal, 2021 Abstract This paper shows that short debt maturities commit equityholders to leverage reductions when refinancing expiring debt in low-profitability states. However, shorter maturities lead to higher transaction costs since larger amounts of expiring debt need to be refinanced.
Thomas Dangl, Josef Zechner
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Debt dynamics with fixed issuance costs
SSRN Electronic Journal, 2022 We investigate equilibrium debt dynamics for a firm that cannot commit to a future debt policy and is subject to a fixed restructuring cost. We formally characterize equilibria when the firm is not required to repurchase outstanding debt prior to issuing additional debt. For realistic values of issuance costs and debt maturity, the no-commitment policy
Luca Benzoni +3 more
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State debt dynamics: the methodological aspect
Economy and Sociology, 2013 In this article, it’s presented the methodological aspect of the state debt. The issue of supplementary money in order to cover the state debt is one of the factors that generate inflation, which respectively has a negative impact on the economic ...
Crijanovschi Stela
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Dynamic Investment, Debt Structure and Debt Overhang [PDF]
SSRN Electronic Journal, 2020 We study the impact of the optimal debt and priority structure on the intertwined corporate financing and investment decisions in a dynamic trade-off model, where the firm simultaneously uses bank and market debt for project financing. Private bank debt is renegotiable during financial distress, thus it avoids inefficient and costly bankruptcy losses ...
Liu Gan, Xin Xia, Hai Zhang
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Testing for multiple bubbles: historical episodes on the sustainability of public debt in Spain, 1850–2020 [PDF]
Applied Economic Analysis, 2023 Purpose – This paper aims to analyze the dynamics of the Spanish public debt–gross domestic product ratio during the period 1850–2020. Design/methodology/approach – This study uses a recent procedure to test for recurrent explosive behavior (Phillips et ...
Vicente Esteve, María A. Prats
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Public debt dynamics: the interaction with national income and fiscal policy
Journal of Economic Structures, 2021 The 2008 financial crisis triggered the debt crisis in Europe. High debt-to-GDP ratios made it impossible for some countries to apply countercyclical policy in order to overcome the recession.
Vasileios Spyrakis, S. Kotsios
semanticscholar +1 more source
Effect of Ukraine’s public debt management on its macroeconomic development: VAR modeling [PDF]
Problems and Perspectives in Management, 2023 One of the tools of economic policy of any country is efficient public debt management, which influences and determines the dynamics of key macroeconomic indicators.
Fedir Zhuravka +4 more
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Examination of Interest-Growth Differentials and the Risk of Sovereign Insolvency
Risks, 2021 The objective of this research was to demonstrate the (nonlinear) risks of sovereign insolvency and explore the applicability of stochastic modeling in public debt management, given a structural economic model of stochastic government debt dynamics.
Jussi Lindgren
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Debt, liquidity and dynamics [PDF]
Economic Theory, 2006 Money, which provides liquidity services, is distinct from debt. The introduction of a bank that issues money in exchange for debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. The set of equilibrium paths, their dynamic properties, as well as the scope and effectiveness of monetary policy are ...
POLEMARCHAKIS, Heracles M. +1 more
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