Public debt through the ages
"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...
| Main Authors: | , , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Washington, DC
2019
IMF |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19307122124911253049-Public-debt-through-the-ages.htm |
| _version_ | 1771659899486339073 |
|---|---|
| author | Eichengreen, Barry El-Ganainy, Asmaa Esteves, Rui Pedro Mitchener, Kris James |
| author_facet | Eichengreen, Barry El-Ganainy, Asmaa Esteves, Rui Pedro Mitchener, Kris James |
| collection | Library items |
| description | "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." |
| format | TEXT |
| geographic | United Kingdom USA France international |
| id | 19307122124911253049_1f13685e12774385a9fd2c32c654f5eb |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19307122124911253049_1f13685e12774385a9fd2c32c654f5eb |
| is_hierarchy_title | Public debt through the ages |
| language | English |
| physical | 59 p. Digital |
| publishDate | 2019 |
| publisher | Washington, DC IMF |
| spellingShingle | Eichengreen, Barry El-Ganainy, Asmaa Esteves, Rui Pedro Mitchener, Kris James public debt public finance history Public debt through the ages |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=137890295507 |
| title | Public debt through the ages |
| topic | public debt public finance history |
| url | https://www.labourline.org/KENTIKA-19307122124911253049-Public-debt-through-the-ages.htm |