The Debt Burden and Its Consequences for Monetary Policy

The Debt Burden and Its Consequences for Monetary Policy

by Peter King, Guillermo Calvo, Mervyn King
     
 
The essays in this volume reflect on the fact that in all countries debt and deficits of the public sector are at heart: of economic policy debate. Debt and deficits pose major problems, all the more pressing in Europe because of the Maastricht criteria for entry into European Monetary Union. In the developing world debt has been associated with major financial crises

Overview

The essays in this volume reflect on the fact that in all countries debt and deficits of the public sector are at heart: of economic policy debate. Debt and deficits pose major problems, all the more pressing in Europe because of the Maastricht criteria for entry into European Monetary Union. In the developing world debt has been associated with major financial crises.

Editorial Reviews

Booknews
Proceedings of a March 1996 conference, offering papers and discussions in five sections dealing with different aspects of monetary and fiscal policy interactions. Part I comprises overview papers, Part II deals with the neglected topic of the optimal composition and maturity structure of public debt, and Part III discusses the connection between debt and domestic monetary policy. Part IV examines the influence of liquid international capital markets on the optimal fiscal policy of countries open to such markets, and Part V analyzes the interaction between fiscal and monetary policy in the context of a monetary union. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780312175795
Publisher:
St. Martin's Press
Publication date:
09/18/1997
Series:
Debt Burden and Consequences Series
Pages:
317
Product dimensions:
5.74(w) x 8.81(h) x 1.14(d)

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