Sovereign Debt in Advanced Economies : Overview and Issues for Congress.

Format:

Book

Government document

Author/Creator:

Library of Congress. Foreign Affairs Division.

Language:

English

Subjects (All):

Business cycles.

Fiscal policy.

Debts, External.

Debts, Public.

Physical Description:

1 online resource (1 online resource (32 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Provides background information on sovereign debt, also known as public debt, including why governments borrow, how sovereign debt differs from private debt, why governments repay their debt, and how sovereign debt is measured. Examines shift in concerns over sovereign debt sustainability from emerging markets in the 1990s and 2000s to advanced economies following the global financial crisis of 2008-2009, and discusses challenges posed by high debt levels. Analyzes policy options governments have for lowering debt levels, discusses current strategies used by most advanced economies, and addresses issues for Congress. Includes tables and graphs.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Foreign Affairs Division. Sovereign Debt in Advanced Economies

Access Restriction:

Restricted for use by site license.