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2023
Abstract Recent reports about Cameroon’s public debt start from the position that high debt is necessarily bad. They often offer generic accounting frameworks and static “prudential” ratios for deciding whether the debt is sustainable, without discussing the economics of debt and its underlying dynamics.
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Abstract Recent reports about Cameroon’s public debt start from the position that high debt is necessarily bad. They often offer generic accounting frameworks and static “prudential” ratios for deciding whether the debt is sustainable, without discussing the economics of debt and its underlying dynamics.
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SSRN Electronic Journal, 2002
This paper examines the determinants of hidden public debt-that is, government financial commitments and contingent liabilities that do not receive official recognition and explicit budgetary allocations, but are later on assumed by the government as additional debt outside the normal budget. Hidden debts are large in many countries and can cause major
Hadi Salehi Esfahani, Hoe-Jeong Kim
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This paper examines the determinants of hidden public debt-that is, government financial commitments and contingent liabilities that do not receive official recognition and explicit budgetary allocations, but are later on assumed by the government as additional debt outside the normal budget. Hidden debts are large in many countries and can cause major
Hadi Salehi Esfahani, Hoe-Jeong Kim
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2021
Due to the unprecedented shock, COVID-19 has led to a worsening debt situation for CFA economies. This has increased debt service costs.
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Due to the unprecedented shock, COVID-19 has led to a worsening debt situation for CFA economies. This has increased debt service costs.
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Public Debt and Public Debt Policy in Germany
1988In post-war Germany for a long period of time public debt was not a subject of economic policy discussion. Government debt related to war-financing had been almost completely cancelled out by the currency reform of 1948, and the new constitution required a balanced budget. Debt financing was only allowed for investment purposes. Accordingly public debt
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2022
As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in deciding where we go from here that there is no longer a consensus regarding the optimum design and enforcement of fiscal rules.
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As countries recover from the coronavirus pandemic, they are confronted with an even more challenging debt crisis. Xavier Debrun argues in the foreword that in deciding where we go from here that there is no longer a consensus regarding the optimum design and enforcement of fiscal rules.
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1990
As Europe proceeds towards economic and monetary union, fiscal convergence and the prospect of a common money are at the centre of discussion. This volume from the Centre for Economic Policy Research brings together theoretical, applied and historical research on the management of public debt and its implications for financial stability.
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As Europe proceeds towards economic and monetary union, fiscal convergence and the prospect of a common money are at the centre of discussion. This volume from the Centre for Economic Policy Research brings together theoretical, applied and historical research on the management of public debt and its implications for financial stability.
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Public debt and economic growth in developing countries: Nonlinearity and threshold analysis
Economic Modelling, 2021Ali M Kutan, Siong Hook Law
exaly
1999
Abstract The choice of currency denomination, indexation, and maturity structure of public debt is an increasingly important aspect of policy in a world of high debts and and financially integrated markets. This book surveys theories and evidence on public debt composition and debt returns with the goal of emphasizing the main policy ...
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Abstract The choice of currency denomination, indexation, and maturity structure of public debt is an increasingly important aspect of policy in a world of high debts and and financially integrated markets. This book surveys theories and evidence on public debt composition and debt returns with the goal of emphasizing the main policy ...
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