搜索结果: 1-15 共查到“理论经济学 debt”相关记录34条 . 查询时间(0.14 秒)
Towards a Political-Economic Theory of Domestic Debt
Political-Economic Theory Domestic Debt
2015/9/18
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
Equity Depletion from Government-Guaranteed Debt
Equity Depletion Government-Guaranteed Debt
2015/7/20
Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Mille...
Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
National debt deficit fiscal policy
2015/7/20
Using a recursive empirical model of the real interest rate, GDP growth and the primary government deficit in the United States, I solve for the ergodic distribution of the debt/GDP ratio. If such a d...
The Maturity of Debt Issues and Predictable Variation in Bond Returns
Borrowing and Debt Bonds Investment Return Financial Markets Forecasting and Prediction
2015/5/13
The maturity of new debt issues predicts excess bond returns. When the share of long term debt issues in total debt issues is high, future excess bond returns are low. This predictive power comes in t...
Financial Repression in the European Sovereign Debt Crisis
Credit Cycles Sovereign Debt Financial Repression Sovereign Finance Greece
2015/4/29
By the end of 2013, the share of government debt held by the domestic banking sectors of Eurozone countries was more than twice its 2007 level. We show that this type of increasing reliance on the dom...
Government Debt Management at the Zero Lower Bound
Government Debt Sovereign Finance Borrowing and Debt United States
2015/4/28
This paper re-examines government debt management policy in light of the U.S. experience with extraordinary fiscal and monetary policies since 2008. We first document that the Treasury's decision to l...
Debt Redemption,Reserve Accumulation,and Exchange-Rate Regimes
Foreign Reserves Local-Currency Bonds Carry Trade Exchange-Rate Regimes International Finance
2015/4/28
Foreign participation in local-currency-bond markets in emerging countries has increased dramatically over the past decade. In light of this trend, we revisit the question of the optimal exchange-rate...
Public Debt, Growth and Poverty Reduction in a Failed State: Nigeria,1970-2011
Public Debt Growth and Poverty Reduction Failed State Nigeria
2014/12/26
Public Debt, Growth and Poverty Reduction in a Failed State: Nigeria,1970-2011.
Take the Short Route: How to repay and restructure sovereign debt with multiple maturities
Take the Short Route repay and restructure sovereign debt multiple maturities
2014/3/12
We address the question of whether and how a sovereign should reduce its external indebtedness when default is a significant possibility, with a particular focus on whether a sovereign should buy back...
LDC Participation in International Financial Markets: Debt and Reserves
Debt and Reserves International Financial Markets
2014/3/24
LDC Participation in International Financial Markets: Debt and Reserves。
Debt Service and Foreign Assistance: An Analysis of Problems and Prospects in Less Developed Countries
An Analysis of Problems Less Developed Countries Debt Service Foreign Assistance
2014/3/24
Debt Service and Foreign Assistance: An Analysis of Problems and Prospects in Less Developed Countries。
Fiscal Policy in Debt Constrained Economies
Fiscal Policy Debt Constrained Economies optimal fiscal policy
2014/3/12
We study optimal fiscal policy in a small open economy (SOE) with sovereign and private default risk and limited commitment to tax plans. The SOE's government uses linear taxation to fund exogenous ex...
A structural approach to pricing credit default swaps with credit and debt value adjustments
structural approach credit default credit and debt value adjustments
2012/9/14
A multi-dimensional extension of the structural default model with rms' values driven by di usion processes with Marshall-Olkin-inspired correlation structure is presented. Semi-analytical methods fo...
The article reports on the recovery of the debt markets following its freeze along with the economy in early 2009. These markets reportedly mounted a rally in the past several months and chemical comp...
FISCAL CONSERVATISM, EXCHANGE RATE FLEXIBILITY, AND THE NEXT GENERATION OF DEBT CRISES
exchange rate systems capital markets financial crises flexible exchange rate
2011/9/17
Discusses the role of fixed exchange rate systems during international debt crises. Vulnerability of countries with open capital markets to financial crises; Criticisms against the actions of Asian ec...