Advanced economies and their debt / editors, Ignacio T. Medina and Mateo S. Suarez.

Format:

Book

Contributor:

Medina, Ignacio T., editor.

Suárez, Mateo S., editor.

Series:

Economic issues, problems and perspectives series.

Economic issues, Problems and Perspectives

Language:

English

Subjects (All):

Debts, Public.

Budget deficits.

Fiscal policy.

Physical Description:

1 online resource (157 p.)

Place of Publication:

New York : Nova Science Publishers, Inc., 2012.

Summary:

Since the global financial crisis of 2008-2009, public debt in advanced economies has increased substantially. A number of factors related to the financial crisis have fuelled the increase, including fiscal stimulus packages, the nationalisation of private-sector debt, and lower tax revenue. Even if economic growth reverses some of these trends, such as by boosting tax receipts and reducing spending on government programs, ageing populations in advanced economies are expected to strain government debt levels in coming years. This book explores the topics of sovereign debt in advances economies around the world; limiting central government budget deficits; the sustainability of the federal budget deficit; foreign holdings of federal debt and Argentina's defaulted sovereign debt crisis.

Contents:

Sovereign debt in advanced economies : overview and issues for Congress / Rebecca M. Nelson

Limiting central government budget deficits : international experiences / James K. Jackson

Overview of the federal debt / D. Andrew Austin

The sustainability of the federal budget deficit : market confidence and economic effects / Marc Labonte

Federal debt and the risk of a fiscal crisis / CBO

Foreign holdings of federal debt / Justin Murray and Marc Labonte

Argentina's defaulted sovereign debt : dealing with the "holdouts" / J.E. Hornbeck.

Notes:

Includes index.

Description based on print version record.

ISBN:

1-62100-660-3