The origins and resolution of debt crises: it is not always fiscal!/ created by Ugo Panizza
Material type: TextSeries: Comparative economic studies ; Volume 55, number 3Basingstoke: Palgrave Macmillan, 2013Content type:- text
- unmediated
- volume
- 08887233
- HB90 COM
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
Journal Article | Main Library - Special Collections | HB90 COM (Browse shelf(Opens below)) | Vol. 55, no.3 (pages 431-454) | SP17083 | Not for loan | For In House Use Only |
This paper shows that debt crises do not always have a fiscal nature and suggests that fiscal retrenchment may not be the optimal response to a crisis that did not originate from irresponsible fiscal policies. The paper starts by discussing the origin of debt crises and the unexplained part of public debt. It then discusses policies for controlling the flow of debt and for avoiding debt explosions linked to financial crises or poor debt management. The paper concludes with a discussion on liquidity and solvency crises.
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