상세정보
Export to Refworks부가기능
In defense of public debt
상세 프로파일
| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | In defense of public debt/ Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener. |
| 개인저자 | Eichengreen, Barry J.,author. El-Ganainy, Asmaa,author, Esteves, Rui,author, Mitchener, Kris James,author, |
| 발행사항 | New York, NY: Oxford University Press, [2021]. |
| 형태사항 | 1 online resource (vii, 305 pages): illustrations. |
| 기타형태 저록 | Print version: Eichengreen, Barry J. In defense of public debt New York, NY : Oxford University Press, [2021] 9780197577899 |
| ISBN | 0197577903 9780197577929 019757792X 9780197577912 0197577911 9780197577905 |
| 서지주기 | Includes bibliographical references and index. |
| 내용주기 | Debt in service of the state -- States and the limits of borrowing -- Democratization and globalization -- Caveat emptor -- Managing problem debts -- Successful consolidation -- Warfare to welfare -- Cycles of debt -- Oil and water -- Missed opportunities -- Debt to the rescue -- COVID-19. |
| 요약 | "Public debts have exploded to levels unprecedented in recent history as governments responded to the COVID-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical role in meeting emergencies, from 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. 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 Defence of Public Debt redresses the balance. It develops its arguments historically, recounting two millennia of public debt experience. It deploys a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully brought down. Finally, it brings the story up to date, describing the role of public debt in managing the Covid-19 pandemic and suggesting a way forward once governments, now more heavily indebted than before, finally emerge from the crisis"-- |
| 해제 | Provided by publisher. |
| 일반주제명 | Debts, Public. Debts, Public. |
| 언어 | 영어 |
| 바로가기 |  |
