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Displaying results 1 to 8 of 8.

  1. Effects of sustainable monetary and fiscal policy on FDI inflows to EMDE countries
    Published: [2023]
    Publisher:  Banco Central do Brasil, Brasília, DF, Brazil

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Banco Central do Brasil ; 575 (February 2023)
    Subjects: foreign direct investment; macroeconomic stability; central bank credibility; public debt; risk for budget balance; inflation targeting
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  2. Sovereign debt sustainability and central bank credibility
    Published: 2022 JAN
    Publisher:  International Monetary Fund, [Washington, D.C.]

    This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government borrowing rates, to a "model based" view which uses stochastic discount rates. Second, empirical tests focusing on the relationship between primary balances to debt. Third, debt sustainability in the presence of rollover risk. And fourth, whether government borrowing costs below rates of growth ("r < g") generate a "free lunch" in the sense that debt sustainability does not require future primary surpluses. We argue that liquidity services provided by sovereign debt may indeed lead to a "free lunch", albeit of limited size. The value of such services depends on the credibility of the central bank, which can be accumulated via prudent policies and subsequently drawn on to allow for looser fiscal policy

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9798400201585
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    Series: Working paper / International Monetary Fund ; WP/22, 16
    Subjects: sovereign debt; debt sustainability; fiscal policy; debt crises; fiscal-monetary interactions; central bank credibility; Central Banks and Their Policies; Debt Management; Debt; Fiscal Policy; Monetary Policy; National Deficit Surplus
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  3. Sovereign debt sustainability and central bank credibility
    Published: 18 December 2021
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16817
    Subjects: Sovereign debt; debt sustainability; Fiscal policy; Debt crises; Fiscal-monetaryinteractions; central bank credibility
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  4. Sovereign debt sustainability and central bank credibility
    Published: 2022 JAN
    Publisher:  International Monetary Fund, [Washington, D.C.]

    This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Universitätsbibliothek Braunschweig
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    Staats- und Universitätsbibliothek Bremen
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    Universitätsbibliothek Erfurt / Forschungsbibliothek Gotha, Universitätsbibliothek Erfurt
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    Bibliothek der Pädagogischen Hochschule Freiburg/Breisgau
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Technische Universität Hamburg, Universitätsbibliothek
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
    e-Book Nationallizenz
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 301
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    Duale Hochschule Baden-Württemberg Mosbach, Bibliothek
    E-Book Nationallizenz IMF
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    Hochschule Offenburg, University of Applied Sciences, Bibliothek Campus Offenburg
    E-Book International Monetary Fund
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    Hochschulbibliothek Pforzheim, Bereichsbibliothek Technik und Wirtschaft
    e-Book International Monetary Fund eLibrary
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    Duale Hochschule Baden-Württemberg Ravensburg, Bibliothek
    E-Book IMF
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    Hochschule Albstadt-Sigmaringen, Bibliothek Sigmaringen
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    This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government borrowing rates, to a "model based" view which uses stochastic discount rates. Second, empirical tests focusing on the relationship between primary balances to debt. Third, debt sustainability in the presence of rollover risk. And fourth, whether government borrowing costs below rates of growth ("r < g") generate a "free lunch" in the sense that debt sustainability does not require future primary surpluses. We argue that liquidity services provided by sovereign debt may indeed lead to a "free lunch", albeit of limited size. The value of such services depends on the credibility of the central bank, which can be accumulated via prudent policies and subsequently drawn on to allow for looser fiscal policy

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9798400201585
    Other identifier:
    Series: Working paper / International Monetary Fund ; WP/22, 16
    Subjects: sovereign debt; debt sustainability; fiscal policy; debt crises; fiscal-monetary interactions; central bank credibility; Central Banks and Their Policies; Debt Management; Debt; Fiscal Policy; Monetary Policy; National Deficit Surplus
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  5. Inflation expectations and risk premia in emerging bond markets
    evidence from Mexico
    Published: 2021
    Publisher:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 385
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working papers series / Federal Reserve Bank of San Francisco ; 2021, 08 (March 2021)
    Subjects: term structure modeling; liquidity risk; financial market frictions; central bank credibility
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  6. Central bank credibility, long-term yields and the effects of monetary integration
    Published: January 2021
    Publisher:  Szkoła Główna Handlowa w Warszawie, Warszawa

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 595
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Collegium of Economic Analysis working paper series ; number: 2021, 061
    Subjects: monetary integration; bond yields; central bank credibility
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  7. Inflation expectations and risk premia in emerging bond markets: evidence from Mexico
    Published: [2021]
    Publisher:  Federal Reserve Bank of New York, New York, NY

    To study inflation expectations and associated risk premia in emerging bond markets, this paper provides estimates for Mexico based on an arbitrage-free dynamic term structure model of nominal and real bond prices that accounts for their liquidity... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 207
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    To study inflation expectations and associated risk premia in emerging bond markets, this paper provides estimates for Mexico based on an arbitrage-free dynamic term structure model of nominal and real bond prices that accounts for their liquidity risk. In addition to documenting the existence of large and time-varying liquidity premia in nominal and real bond prices that are only weakly correlated, the results indicate that long-term inflation expectations in Mexico are well anchored close to the inflation target of the Bank of Mexico. Furthermore, Mexican inflation risk premia are larger and more volatile than those in Canada and the United States.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/241154
    Series: Staff reports / Federal Reserve Bank of New York ; no. 961 (March 2021)
    Subjects: term structure modeling; liquidity risk; financial market frictions; central bank credibility
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  8. The benefit of inflation-indexed debt
    evidence from an mmerging bond market
    Published: [2023]
    Publisher:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 385
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working papers series / Federal Reserve Bank of San Francisco ; 2023, 04 (February 2023)
    Subjects: term structure modeling; liquidity risk; financial market frictions; central bank credibility; debt management
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen