Moody's also said that although the trend of fiscal deficit reduction has been maintained in the country, the implementation of further fiscal consolidation remains a major credit challenge. Therefore, it sees a favorable debt structure and large domestic savings help to mitigate risks arising from ...
In this paper we develop a simple neoclassical growth model with perfect international capital mobility to analyze the stability of the differential equation in the foreign debt/GDP dynamics of developing countries in general and Korea, Malaysia and Thailand in particular in the long run using data ...
An exceptional circular was issued in April 1982, in which Eric Whittle stated that the scope for increasing overall cross-border lending was “very limited” and that “the emphasis must now shift from growth to consolidation, from quantity to quality of earnings”.[23] Unfortunately, the ...
If or when something breaks, it could be linked to a debt servicing crisis. A recent Allianz report concluded that “current debt-to-GDP ratios in France (113%), Italy (151%) and Spain (118%) imply a herculean fiscal consolidation effort to avoid an interest hangover” as debt-servicing...
A recent Allianz report concluded that “current debt-to-GDP ratios in France (113%), Italy (151%) and Spain (118%) imply a herculean fiscal consolidation effort to avoid an interest hangover” as debt-servicing costs explode higher. Japan’s government debt accounted for 231% of the ...
Mohieddine Kronfol, Franklin Templeton:We’re in a much better situation than a year ago when oil prices were south of $30 a barrel and people weren’t confident that we would be able to implement any of the structural reform or fiscal consolidation measures being announced. ...
We note that the balance of risks is for Romania to have more fiscal consolidation, given the focus on improving tax collection in 2021 and the largest potential tailwinds from EU funds. In the Czech Republic a continued push for fiscal loosening from the government is unlikely to see much ...
2013. Fiscal multipliers and public debt dynamics in consolidations. In Public Debt, Global Governance and Economic Dynamism. Edited by Luigi Paganetto. Milano: Springer, pp. 167–211. [CrossRef] Economies 2018, 6, 62 25 of 27 Bun, Maurice J. G., and Frank Windmeijer. 2010. The Weak...