Public debt management : theory and history / edited by Rudiger Dornbusch and Mario Draghi.

Contributor(s): Dornbusch, Rudiger [editor] | Draghi, Mario [editor]
Language: English Publisher: Cambridge: Cambridge University Press, c2011Description: 1 online resource (376 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9780511628528Subject(s): Debts, Public | Debts, Public -- Europe -- History -- Congresses | Debts, Public -- Italy -- History -- Congresses | Debts, Public -- United States -- History -- Congresses | Deficit financing -- History -- CongressesGenre/Form: Electronic books.DDC classification: 336.3609 Online resources: Full text available at Cambridge Online Library Click here to view
Contents:
List of figures; List of tables; Preface; List of conference participants; 1. Introduction Rudiger Dornbusch and Mario Draghi; 2. The efficient design of public debt Douglas Gale; Discussion Olivier Jean Blanchard; 3. Indexation and maturity of government bonds: an exploratory model Guillermo A. Calvo and Pablo E. Guidotti; Discussion William H. Branson and Allen Drazen; 4. Public confidence and debt management: a model and a case study of Italy Alberto Alesina, Alessandro Pratti and Guido Tabellini; Discussion Mario Draghi and Lars E. O. Svensson; 5. Confidence crises and public debt management Francesco Giavazzi and Marco Pagano; Discussion Enrica Detragiache and Maurice Obstfeld; 6. Funding crises in the aftermath of World War I Gail E. Makinen and G. Thomas Woodward; Discussion Alberto Giovannini and Andrea Ripa Di Meana; 7. The capital levy in theory and practice Barry Eichengreen; 8. Episodes in the public debt history of the United States E. Cary Brown; Discussion Barry P. Bosworth and Giampaolo Galli; 9. The Italian national debt conversion of 1906 Marcello de Cecco; Discussion Richard Portes and Ignazio Visco; 10. Fear of deficit financing - is it rational? Marcus Miller, Robert Skidelsky and Paul Weller; Discussion Giuseppe Bertola; 11. Government domestic debt and the risk of default: a political-economic model of the strategic role of debt Philippe Aghion and Patrick Bolton; Discussion Jean-Pierre Danthine and Pietro Reichlin; Index.
Summary: This book from the Center for Economic Policy Research collects theoretical, applied and historical research on the welfare economics of public debt; how inappropriate debt management can lead to funding crises; capital levies; debt consolidation; U.S. public debt history; political influences on debt accumulation; trade-offs between indexation and maturity; and confidence effects in a stochastic rational expectations framework.
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LIC Gateway 		336.3609 P960 2011 (Browse shelf) Available CL-46205
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Includes bibliographical references and index.

List of figures; List of tables; Preface; List of conference participants; 1. Introduction Rudiger Dornbusch and Mario Draghi; 2. The efficient design of public debt Douglas Gale; Discussion Olivier Jean Blanchard; 3. Indexation and maturity of government bonds: an exploratory model Guillermo A. Calvo and Pablo E. Guidotti; Discussion William H. Branson and Allen Drazen; 4. Public confidence and debt management: a model and a case study of Italy Alberto Alesina, Alessandro Pratti and Guido Tabellini; Discussion Mario Draghi and Lars E. O. Svensson; 5. Confidence crises and public debt management Francesco Giavazzi and Marco Pagano; Discussion Enrica Detragiache and Maurice Obstfeld; 6. Funding crises in the aftermath of World War I Gail E. Makinen and G. Thomas Woodward; Discussion Alberto Giovannini and Andrea Ripa Di Meana; 7. The capital levy in theory and practice Barry Eichengreen; 8. Episodes in the public debt history of the United States E. Cary Brown; Discussion Barry P. Bosworth and Giampaolo Galli; 9. The Italian national debt conversion of 1906 Marcello de Cecco; Discussion Richard Portes and Ignazio Visco; 10. Fear of deficit financing - is it rational? Marcus Miller, Robert Skidelsky and Paul Weller; Discussion Giuseppe Bertola; 11. Government domestic debt and the risk of default: a political-economic model of the strategic role of debt Philippe Aghion and Patrick Bolton; Discussion Jean-Pierre Danthine and Pietro Reichlin; Index.

This book from the Center for Economic Policy Research collects theoretical, applied and historical research on the welfare economics of public debt; how inappropriate debt management can lead to funding crises; capital levies; debt consolidation; U.S. public debt history; political influences on debt accumulation; trade-offs between indexation and maturity; and confidence effects in a stochastic rational expectations framework.

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