Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:A Decade Of DebtISBN13:9780881326222ISBN10:0881326224Author:Reinhart, Carmen (Author), Rogoff, Kenneth (Author)Description: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 Binding:Paperback, PaperbackPublisher:Peterson Institute for International EconomicPublication Date:2011-08-23Weight:0.6 lbsDimensions:0.5'' H x 8.9'' L x 5.9'' WNumber of Pages:157Language:English
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Book Title: A Decade Of Debt
Item Length: 0.9in
Item Height: 0in
Item Width: 0.6in
Author: Carmen Reinhart, Kenneth Rogoff
Publication Name: Decade of Debt
Format: Trade Paperback
Language: English
Publisher: Peterson Institute for International Economics
Publication Year: 2011
Series: Policy Analyses in International Economics Ser.
Type: Textbook
Item Weight: 10.6 Oz
Number of Pages: 177 Pages
