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Author: United States. Congress. House. Committee on Ways and Means Publisher: ISBN: Category : Bonds Languages : en Pages : 340
Book Description
Considers administration proposals to increase public debt ceiling and to eliminate interest rate ceiling on savings and Treasury bonds.
Author: United States. Congress. House. Committee on Ways and Means Publisher: ISBN: Category : Bonds Languages : en Pages : 340
Book Description
Considers administration proposals to increase public debt ceiling and to eliminate interest rate ceiling on savings and Treasury bonds.
Author: United States. Congress. House. Committee on Ways and Means Publisher: ISBN: Category : Bonds Languages : en Pages : 336
Book Description
Considers administration proposals to increase public debt ceiling and to eliminate interest rate ceiling on savings and Treasury bonds.
Author: Ms.Carmen Reinhart Publisher: International Monetary Fund ISBN: 1498338380 Category : Business & Economics Languages : en Pages : 47
Book Description
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Author: Mr.Barry J. Eichengreen Publisher: International Monetary Fund ISBN: 1484392892 Category : Business & Economics Languages : en Pages : 60
Book Description
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes resulted in debt-management problems resolved through debasements and restructurings. Less widely appreciated are successful debt consolidation episodes, instances in which governments inheriting heavy debts ran primary surpluses for long periods in order to reduce those burdens to sustainable levels. We analyze the economic and political circumstances that made these successful debt consolidation episodes possible.
Author: United States. Congress. House. Committee on Ways and Means
Author: United States. Congress. House. Committee on Ways and Means
Author: Ms.Carmen Reinhart
Author: United States. Congress. House. Ways and Means
Author: United States. Congress. House. Committee on Ways and Means
Author: International Monetary Fund
Author: United States. Congress. House. Ways and Means
Author: Mr.Barry J. Eichengreen
Author: United States. Congress. Senate. Committee on Finance
Author: United States. Congress. House. Committee on Ways and Means
Author: United States. Congress. House. Committee on Ways and Means