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Uncovering a Two-Phase Dynamics from a Dollar Exchange Model with Bank and Debt [PDF]
SIAM Journal on Applied Mathematics, 2022 We investigate the unbiased model for money exchanges with collective debt limit: agents give at random time a dollar to one another as long as they have at least one dollar or they can borrow a dollar from a central bank if the bank is not empty ...
Fei Cao, Sébastien Motsch
semanticscholar +1 more source
Public Debt Dynamics and Debt Feedback [PDF]
SSRN Electronic Journal, 2010 We study the dynamics of U.S. public debt in a parsimonious VAR. We find that including debt feedback ensures the stationarity of debt while standard VARs excluding debt may imply an explosive debt path. We also find that the response of debt to inflation or interest shocks is not robust and depends on the policy regime. The recent past suggests that a
Reda, Cherif, Fuad, Hasanov
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External Debt Cycles of the Turkish Economy: Is it Possible to Escape the Crisis?
İstanbul İktisat Dergisi, 2022 The prevailing view on the debt crises experienced by peripheral countries is that their economies are primarily exposed to shocks arising from existing internal dynamics and defaults follow a unique process.
Parla Onuk
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The uncoupling of house prices and mortgage debt: towards wealth-driven housing market dynamics
International Journal of Housing Policy, 2023 Mortgage credit has been central in fuelling housing market dynamics in many countries. While mortgage debt and house price increases used to go hand in hand, we see an uncoupling post-global financial crisis, with relative mortgage debts decreasing ...
C. Hochstenbach, M. Aalbers
semanticscholar +1 more source
Macroeconomic Components of the Risks to Fiscal Sustainability in Hungary
Risks, 2022 Introducing uncertainty under fiscal sustainability conditions for the public debt provides a framework for analyzing debt dynamics. Such methods are commonly used for fiscal projections, but our aim here is retrospective; we evaluate the sudden jump in ...
István Ábel, Ádám Kóbor
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Финансы: теория и практика, 2022 The subject of the research is the influence of the debt burden of state-owned companies on the dynamics of Russia’s corporate external debt. The relevance is due to the unprecedented combination of sanctions in 2022, which created default risks of ...
S. A. Perekhod +3 more
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Stock Flow Adjustments in Sovereign Debt Dynamics: The Role of Fiscal Frameworks
International Review of Economics and Finance, 2019 António Afonso, João Tovar Jalles
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Comparative analysis of internal and external national debt of Ukraine taking into account the impact factors [PDF]
Public and Municipal Finance, 2017 In this paper, scientific and methodological approaches as for interpreting the notion “national debt of the country” as a whole are systematized, the essence of “internal national debt” and “external national debt” in particular is clarified.
Viktoriia Obravyt, Viktoriia Koilo
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Political risks: the “red shift” in debt sustainability analysis [PDF]
Risk Management Magazine, 2020 Political stability and economic policy uncertainty can be key determinants of sovereign debt dynamics, and we show how they can be incorporated in debt sustainability analysis.
Andrea Consiglio, Stavros Zenios
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Dynamic capital structure with callable debt and debt renegotiations [PDF]
Journal of Corporate Finance, 2002 We consider a dynamic trade-off model of a firm's capital structure with debt renegotiation. Debt holders only accept restructuring offers from equity holders backed by threats which are in the equity holders' own interest to execute. Our model shows that in a complete information model in which taxes and bankruptcy costs are the only frictions ...
Christensen, Peter Ove +3 more
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