Deficit And Debt In Transition
Download Deficit And Debt In Transition full books in PDF, epub, and Kindle. Read online free Deficit And Debt In Transition ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Deficit and Debt in Transition
Author | : Istvan Benczes |
Publsiher | : Central European University Press |
Total Pages | : 245 |
Release | : 2014-09-01 |
Genre | : Business & Economics |
ISBN | : 9789633860588 |
Download Deficit and Debt in Transition Book in PDF, Epub and Kindle
The adjustment problems of public finance in countries of Central and Eastern Europe (CEE) are often misunderstood and misinterpreted by western scholars. This book contributes to the bridging of the gap between what is being thought by external observers and what the actual public finance reality is, as described by competent local scholars. Popular political economy research has remained biased towards advanced countries and has neglected developing and transition economies. Publications on CEE countries? public finances seem to be reluctant to apply the conceptual framework of standard political economy to these countries because of the assumption that CEE economies are different from their Western peers. But is this really the case? Are CEE economies so much different that none of the well-known ?Western? political economy concepts or models can be applied to the analysis of fiscal performance in the region? Benczes demonstrates that they can be safely applied in the context of CEE economies as well. He sees no need to develop a separate or unique theory designed for the study and understanding of (one-time) transition economies. ÿ
Aspects of Fiscal Performance in Some Transition Economies Under Fund Supported Programs
Author | : Mr.Willem H. Buiter |
Publsiher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 1997-04-01 |
Genre | : Business & Economics |
ISBN | : 9781451980073 |
Download Aspects of Fiscal Performance in Some Transition Economies Under Fund Supported Programs Book in PDF, Epub and Kindle
Key medium– and longer–term fiscal issues faced by transition economies are reviewed, including government solvency and the sustainability of the fiscal–financial–monetary program. The paper aims to assist the design and implementation of future Fund programs and to contribute to the debate about fiscal policy in transition economies. After presenting a framework for evaluating the sustainability of the fiscal–financial–monetary program of the state, some numerical material is presented on public debt, (quasi–) fiscal deficits and monetary financing. Eight budgetary issues of special relevance to transition economies are considered next. The lessons from this study are summarized in a number of propositions.
Fiscal Deficit and Public Debt in the Western Balkans
Author | : Zsoka Koczan |
Publsiher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2015-07-24 |
Genre | : Business & Economics |
ISBN | : 9781513537702 |
Download Fiscal Deficit and Public Debt in the Western Balkans Book in PDF, Epub and Kindle
In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.
Global Waves of Debt
Author | : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara |
Publsiher | : World Bank Publications |
Total Pages | : 403 |
Release | : 2021-03-03 |
Genre | : Business & Economics |
ISBN | : 9781464815454 |
Download Global Waves of Debt Book in PDF, Epub and Kindle
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Public Debt and Growth
Author | : Jaejoon Woo,Mr.Manmohan S. Kumar |
Publsiher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2010-07-01 |
Genre | : Business & Economics |
ISBN | : 9781455201853 |
Download Public Debt and Growth Book in PDF, Epub and Kindle
This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.
Guidelines for Public Debt Management Amended
Author | : International Monetary Fund,World Bank |
Publsiher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2003-09-12 |
Genre | : Business & Economics |
ISBN | : 9781498328920 |
Download Guidelines for Public Debt Management Amended Book in PDF, Epub and Kindle
NULL
Implicit Pension Debt Transition Cost Options and Impact of China s Pension Reform
Author | : Anonim |
Publsiher | : World Bank Publications |
Total Pages | : 52 |
Release | : 2001 |
Genre | : China |
ISBN | : 9182736450XXX |
Download Implicit Pension Debt Transition Cost Options and Impact of China s Pension Reform Book in PDF, Epub and Kindle
China's population is aging rapidly: the old age dependency ratio will rise from 11 percent in 1999 to 25 percent in 2030 and 36 percent in 2050. Currently, three workers support one retiree; without reform, the system dependency ratio will climb to 69 percent in 2030 and 79 percent in 2050. The pension system has been in deficit, with an implicit pension debt in 2000 as high as 71 percent of GDP. The lack of an effective sustainable pension systemn is a serious obstacle to Chinese economic reform.
White House Burning
Author | : Simon Johnson |
Publsiher | : Vintage |
Total Pages | : 386 |
Release | : 2013-02-12 |
Genre | : Business & Economics |
ISBN | : 9780307947642 |
Download White House Burning Book in PDF, Epub and Kindle
From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.