Management of the Public Debt During the War and the Postwar Transition
Author: Henry Clifford Murphy
Publisher:
Published: 1949
Total Pages: 836
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Henry Clifford Murphy
Publisher:
Published: 1949
Total Pages: 836
ISBN-13:
DOWNLOAD EBOOKAuthor: Henry Clifford Murphy
Publisher:
Published: 1950
Total Pages: 316
ISBN-13:
DOWNLOAD EBOOKAuthor: Mr.Barry J. Eichengreen
Publisher: International Monetary Fund
Published: 2019-01-15
Total Pages: 60
ISBN-13: 1484392892
DOWNLOAD EBOOKWe 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.
Author: United States. Congress. Joint Economic Committee
Publisher:
Published: 1952
Total Pages: 662
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. Joint Committee on the Economic Report
Publisher:
Published: 1952
Total Pages: 664
ISBN-13:
DOWNLOAD EBOOKAuthor: Stephen Broadberry
Publisher: Cambridge University Press
Published: 2005-09-29
Total Pages: 363
ISBN-13: 1139448358
DOWNLOAD EBOOKThis unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.
Author: Seymour Edwin Harris
Publisher: New York : McGraw-Hill
Published: 1943
Total Pages: 466
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. Joint Committee on the Economic Report. Subcommittee on General Credit Control and Debt Management
Publisher:
Published: 1952
Total Pages: 1006
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. Economic Report Joint Committee
Publisher:
Published: 1952
Total Pages: 1012
ISBN-13:
DOWNLOAD EBOOKAuthor: Barry Eichengreen
Publisher: Oxford University Press
Published: 2021-08-11
Total Pages: 321
ISBN-13: 0197577911
DOWNLOAD EBOOKA dive into the origins, management, and uses and misuses of sovereign debt through the ages. Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debtsabout the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness. Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergenciesfrom wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education, and healthcare. In these ways, the capacity to issue debt has been integral to state building and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance. The authors develop their arguments historically, recounting two millennia of public debt experience. They deploy a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully stabilized and brought down. Finally, they bring the story up to date, describing the role of public debt in managing the Covid-19 pandemic and recession, suggesting a way forward once governmentsnow more heavily indebted than beforefinally emerge from the crisis.