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000434846 010__ $$z2011024349
000434846 020__ $$a9780881326369 (electronic book)
000434846 020__ $$z9780881326222
000434846 035__ $$a(OCoLC)ocn759478105
000434846 035__ $$a(CaPaEBR)ebr10500341
000434846 040__ $$aCaPaEBR$$cCaPaEBR
000434846 05014 $$aHJ8015$$b.R45 2011eb
000434846 08204 $$a336.3/4$$223
000434846 1001_ $$aReinhart, Carmen M.
000434846 24512 $$aA decade of debt$$h[electronic resource] /$$cCarmen M. Reinhart and Kenneth S. Rogoff.
000434846 260__ $$aWashington, D.C. :$$bPeterson Institute For International Economics,$$c2011.
000434846 300__ $$a1 online resource (xix, 157 p.) :$$bill., ports.
000434846 4901_ $$aPolicy analyses in international economics ;$$v95
000434846 500__ $$a"September 2011."
000434846 500__ $$aDescription based on print version record.
000434846 504__ $$aIncludes bibliographical references and index.
000434846 5050_ $$aDecade 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.
000434846 506__ $$aAccess limited to authorized users.
000434846 520__ $$aThis 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.
000434846 650_0 $$aDebts, Public.
000434846 650_0 $$aFinance, Public.
000434846 7001_ $$aRogoff, Kenneth S.
000434846 77608 $$iPrint version:$$aReinhart, Carmen M.$$tDecade of debt.$$dWashington, D.C. : Peterson Institute for International Economics, 2011$$z9780881326222$$w(DLC) 2011024349$$w(OCoLC)718450460
000434846 830_0 $$aPolicy analyses in international economics ;$$v95
000434846 8520_ $$bacq
000434846 85280 $$bebk$$hProquest Ebook Central
000434846 85640 $$3ProQuest Ebook Central$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=3385678$$zOnline Access
000434846 909CO $$ooai:library.usi.edu:434846$$pGLOBAL_SET
000434846 980__ $$aEBOOK
000434846 980__ $$aBIB
000434846 982__ $$aEbook
000434846 983__ $$aOnline