A decade of debt / Carmen M. Reinhart and Kenneth S. Rogoff.

Format:

Book

Author/Creator:

Reinhart, Carmen M.

Contributor:

Rogoff, Kenneth S.

Series:

Policy analyses in international economics ; 95.

Policy analyses in international economics ; 95

Language:

English

Subjects (All):

Debts, Public.

Finance, Public.

Physical Description:

xix, 157 pages : illustrations ; 23 cm.

Place of Publication:

Washington, DC : Peterson Institute For International Economics, 2011.

Summary:

With advanced economies experiencing high levels of public and private debt, the authors (both of the Peterson Institute for International Economics) argue that the "financial repression" mechanism of debt restructuring that characterized the tightly regulated Bretton Woods system is making a comeback among governments seeking to reduce debt rollover risks and curb rising interest expenditures while avoiding explicit debt restructuring. This financial repression is being carried out through more directed lending to governments by captive domestic audiences (such as pension funds), caps on interest rates, and tighter regulation on cross-border capital movements. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)

Contents:

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.

Notes:

Includes bibliographical references and index.

ISBN:

0881326224

9780881326222

OCLC:

718450460

Publisher Number:

99946405260