The Debt Burden and Its Consequences for Monetary Policy

Guillermo Calvo, Mervyn King (Herausgeber)

Buch | Hardcover

292 Seiten

1997
Palgrave Macmillan (Verlag)
978-0-333-64140-8 (ISBN)

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In all countries debt and deficits of the public sector are at the heart of economic policy debate. Debt and deficits pose major problems, all the more pressing in Europe because of the Maastricht criteria for entry into European Monetary Union. And in the developing world debt has been associated with major financial crises. This volume, arising from an International Economic Association conference at the Bundesbank, sees academics and policy makers debate the key issues and their implications in theory and practice.

The International Economic Association - List of Participants and Contributors - Abbreviations and Acronyms - Introduction; M.King & G.Calvo - PART 1: OVERVIEW PAPERS - Debt and Monetary Policy: The Policy Issues; R.Dornbusch - Discussion; M.King - Debt, Cash Flow and Inflation Incentives: A Swedish Example; M.Persson , T.Persson & L.E.O. Svensson - Discussion; J.Campbell - PART 2: THE STRUCTURE AND MATURITY OF DEBT - Optimal Funding Policy; R.J.Barro - Discussion; F.Giavazzi - Global Government Securities Markets: Economics and Politics of Recent Market Microstructure Reforms; R.S.Kroszner - Discussion; J.Pitchford - PART 3: DEBT AND DOMESTIC MONETARY POLICY - Control of the Public Debt: A Requirement for Price Stability?; M.Woodford - Discussion; W.Perraudin - Towards a Political-Economic Theory of Domestic Debt; A.Drazen - Discussion; T.Ito - PART 4: DEBT AND INTERNATIONAL FINANCIAL MARKETS - Varieties of Capital-Market Crises; G.A.Calvo - Discussion; A.Razin - Debt and Exchange Rates; P.Kugler - Discussion; C.Bean - PART 5: DEBT AND MONETARY UNION - Credibility, Seigniorage and Government Debt in a Monetary Union; B.Huber - Discussion; A.Giovannini - Deficits, Debt and European Monetary Union: Some Unpleasant Fiscal Arithmetic; G.Winckler, E.Hochreiter & P.Brandner - Discussion; J.von Hagen - Index

Erscheint lt. Verlag	24.11.1997
Reihe/Serie	International Economic Association Series
Zusatzinfo	XXI, 292 p.
Verlagsort	Basingstoke
Sprache	englisch
Maße	140 x 216 mm
Themenwelt	Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	0-333-64140-X / 033364140X
ISBN-13	978-0-333-64140-8 / 9780333641408
Zustand	Neuware