Therefore, according to Lenin, there are two types of debt: one serves as enabling economic growth, and thus is a sign of “consolidation and capitalization”, while the other one is disabling and better relates to “precariousness” (quoted in Akram-Lodhi and Kay, 2010: 192). To theorize...
To achieve the fiscal consolidation, it is need of the hour to bring down this ratio. This paper also endeavours to give the implication of this ratio and suggest ways to bring it down. Keywords: Debt, GDP, G-20 countries, threshold value, credit rating Introduction Gross Domestic Product ...
Additionally, the periods of consolidation in the budgets of the U.S. under the Clinton administration and the UK induced innovations in the financial markets to provide for alternative investment products. These developments strengthened the leverage effects and enlarged credit potentials in the private...
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 ...
At constant scope of consolidation and exchange rates, the change in sales was -1.3%, impacted by a high basis for year-on-year comparison, notably in France. The impact of changes in the scope of consolidation in the first half of 2012 was +5.4% and exchange rates had a positive ...
(EMBI+), is currently at 5.8%, of which the defaulting Venezuela alone is contributing 1.2%. As can be seen in Chart 2, the EMBI+ yield experienced its first leg higher during the taper tantrum of 2013 and has since been in a consolidation range. A potential break higher through the ...
(2022) caution about the trade-off between fiscal consolidation and the cost of slower growth. If one focuses the intervention on one-off measures, it must be recalled that in the past, revenues from the privatization of public assets have been used to reduce public debt. However, some of ...