The Resource Public debt management and bailouts, prepared by Torbjörn Becker

Public debt management and bailouts, prepared by Torbjörn Becker

Label
Public debt management and bailouts
Title
Public debt management and bailouts
Statement of responsibility
prepared by Torbjörn Becker
Creator
Contributor
Subject
Language
eng
Summary
This paper addresses how public debt should be managed to reduce the cost of private sector bailouts. It uses a tax smoothing model to show that bailouts affect the timing of government deficits and surpluses as well as the composition of public debt. In general, public debt managers will have to monitor the private sector's leverage and portfolio composition in order to design the tax smoothing policy. This contrasts with Ricardian models where households monitor the government's debt. The moral hazard aspect of defaults is also shown to be important in determining an optimal government debt strategy
Member of
Action
digitized
Cataloging source
OCLCE
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.99/103
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/99/103
Label
Public debt management and bailouts, prepared by Torbjörn Becker
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 22-23)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647108629
Dimensions
unknown
Extent
1 online resource (23 pages)
File format
one file format
Form of item
online
Isbn
9781451898286
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37183606
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647108629
  • imf1281263729
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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