Public Debt Through the Ages is popular PDF and ePub book, written by Mr.Barry J. Eichengreen in 2019-01-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Public Debt Through the Ages can be Read Online from any device for your convenience.
Public Debt Through the Ages Book PDF Summary
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes resulted in debt-management problems resolved through debasements and restructurings. Less widely appreciated are successful debt consolidation episodes, instances in which governments inheriting heavy debts ran primary surpluses for long periods in order to reduce those burdens to sustainable levels. We analyze the economic and political circumstances that made these successful debt consolidation episodes possible.
Detail Book of Public Debt Through the Ages PDF
- Author : Mr.Barry J. Eichengreen
- Release : 15 January 2019
- Publisher : International Monetary Fund
- ISBN : 9781484392898
- Genre : Business & Economics
- Total Page : 60 pages
- Language : English
- PDF File Size : 18,8 Mb
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