A decade of debt
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Peterson Institute For International Economics
2011
|
| Schriftenreihe: | Policy analyses in international economics
95 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
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| 100 | 1 | |a Reinhart, Carmen M. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a A decade of debt |c Carmen M. Reinhart and Kenneth S. Rogoff |
| 264 | 1 | |a Washington, DC |b Peterson Institute For International Economics |c 2011 | |
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| 490 | 0 | |a Policy analyses in international economics |v 95 | |
| 500 | |a Includes bibliographical references and index | ||
| 500 | |a Decade of doubt. Surges in public debt ; The financial crash : sovereign debt crisis sequence ; Debt and growth ; Aftermath of high debt : the 1930s and World War II -- Chartbook of country histories of debt, default, and financial crises -- Preamble ; Key to figures and methodology notes ; Debt and crises : main themes | ||
| 500 | |a This book presents evidence that public debts in the advanced economies have surged in recent years to levels not recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At the same time, private debt levels, particularly those of financial institutions and households, are in uncharted territory and are (in varying degrees) a contingent liability of the public sector in many countries. Historically, high leverage episodes have been associated with slower economic growth and a higher incidence of default or, more generally, restructuring of public and private debts. A more subtle form of debt restructuring in the guise of "financial repression" (which had its heyday during the tightly regulated Bretton Woods system) also importantly facilitated sharper and more rapid debt reduction than would have otherwise been the case from the late 1940s to the 1970s. It is conjectured here that the pressing needs of governments to reduce debt rollover risks and curb rising interest expenditures in light of the substantial debt overhang (combined with the widespread "official aversion" to explicit restructuring) are leading to a revival of financial repression-including more directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, and tighter regulation on cross-border capital movements | ||
| 648 | 7 | |a Geschichte 1860-2011 |2 gnd |9 rswk-swf | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Public Finance |2 bisacsh | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 650 | 7 | |a Finance, Public |2 fast | |
| 650 | 4 | |a Finanzwirtschaft | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Debts, Public | |
| 650 | 4 | |a Finance, Public | |
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| 689 | 0 | 2 | |a Geschichte 1860-2011 |A z |
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| 700 | 1 | |a Rogoff, Kenneth S. |e Sonstige |4 oth | |
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Datensatz im Suchindex
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|---|---|
| any_adam_object | |
| author | Reinhart, Carmen M. |
| author_facet | Reinhart, Carmen M. |
| author_role | aut |
| author_sort | Reinhart, Carmen M. |
| author_variant | c m r cm cmr |
| building | Verbundindex |
| bvnumber | BV042968234 |
| collection | ZDB-4-EBA ZDB-4-EBU |
| ctrlnum | (OCoLC)759478105 (DE-599)BVBBV042968234 |
| dewey-full | 336.3/4 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 336 - Public finance |
| dewey-raw | 336.3/4 |
| dewey-search | 336.3/4 |
| dewey-sort | 3336.3 14 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1860-2011 gnd |
| era_facet | Geschichte 1860-2011 |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:14:02Z |
| institution | BVB |
| isbn | 0881326364 9780881326369 9780881326222 0881326224 1283321661 9781283321662 |
| language | English |
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| publisher | Peterson Institute For International Economics |
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| series2 | Policy analyses in international economics |
| spelling | Reinhart, Carmen M. Verfasser aut A decade of debt Carmen M. Reinhart and Kenneth S. Rogoff Washington, DC Peterson Institute For International Economics 2011 1 Online-Ressource (xix, 157 pages) txt rdacontent c rdamedia cr rdacarrier Policy analyses in international economics 95 Includes bibliographical references and index Decade of doubt. Surges in public debt ; The financial crash : sovereign debt crisis sequence ; Debt and growth ; Aftermath of high debt : the 1930s and World War II -- Chartbook of country histories of debt, default, and financial crises -- Preamble ; Key to figures and methodology notes ; Debt and crises : main themes This book presents evidence that public debts in the advanced economies have surged in recent years to levels not recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At the same time, private debt levels, particularly those of financial institutions and households, are in uncharted territory and are (in varying degrees) a contingent liability of the public sector in many countries. Historically, high leverage episodes have been associated with slower economic growth and a higher incidence of default or, more generally, restructuring of public and private debts. A more subtle form of debt restructuring in the guise of "financial repression" (which had its heyday during the tightly regulated Bretton Woods system) also importantly facilitated sharper and more rapid debt reduction than would have otherwise been the case from the late 1940s to the 1970s. It is conjectured here that the pressing needs of governments to reduce debt rollover risks and curb rising interest expenditures in light of the substantial debt overhang (combined with the widespread "official aversion" to explicit restructuring) are leading to a revival of financial repression-including more directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, and tighter regulation on cross-border capital movements Geschichte 1860-2011 gnd rswk-swf BUSINESS & ECONOMICS / Public Finance bisacsh Debts, Public fast Finance, Public fast Finanzwirtschaft Wirtschaft Debts, Public Finance, Public Finanzwirtschaft (DE-588)4017214-4 gnd rswk-swf Öffentliche Schulden (DE-588)4043153-8 gnd rswk-swf 1\p (DE-588)4184303-4 Tabelle gnd-content Öffentliche Schulden (DE-588)4043153-8 s Finanzwirtschaft (DE-588)4017214-4 s Geschichte 1860-2011 z 2\p DE-604 Rogoff, Kenneth S. Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=390615 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Reinhart, Carmen M. A decade of debt BUSINESS & ECONOMICS / Public Finance bisacsh Debts, Public fast Finance, Public fast Finanzwirtschaft Wirtschaft Debts, Public Finance, Public Finanzwirtschaft (DE-588)4017214-4 gnd Öffentliche Schulden (DE-588)4043153-8 gnd |
| subject_GND | (DE-588)4017214-4 (DE-588)4043153-8 (DE-588)4184303-4 |
| title | A decade of debt |
| title_auth | A decade of debt |
| title_exact_search | A decade of debt |
| title_full | A decade of debt Carmen M. Reinhart and Kenneth S. Rogoff |
| title_fullStr | A decade of debt Carmen M. Reinhart and Kenneth S. Rogoff |
| title_full_unstemmed | A decade of debt Carmen M. Reinhart and Kenneth S. Rogoff |
| title_short | A decade of debt |
| title_sort | a decade of debt |
| topic | BUSINESS & ECONOMICS / Public Finance bisacsh Debts, Public fast Finance, Public fast Finanzwirtschaft Wirtschaft Debts, Public Finance, Public Finanzwirtschaft (DE-588)4017214-4 gnd Öffentliche Schulden (DE-588)4043153-8 gnd |
| topic_facet | BUSINESS & ECONOMICS / Public Finance Debts, Public Finance, Public Finanzwirtschaft Wirtschaft Öffentliche Schulden Tabelle |
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