Is the United States bankrupt? Many would scoff at this notion. Others would argue that financial implosion is just around the corner. This paper explores these views from both partial and general equilibrium perspectives. It concludes that co...
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Is the United States bankrupt? Many would scoff at this notion. Others would argue that financial... LJ Kotlikoff,A Thakor - Review - Federal Reserve Bank of St. Louis 被引量: 45发表: 2006年 Is the Ability to Pay Principle Ethically Bankrupt? The cost-benefit approach takes as its premi...
creditors are unlikely to receive the full amounts that they are owed. Instead, they will receive a proportional share of the bankrupt debtor's limited assets. Creditors who believe that they have sufficient grounds can petition the court to lift the automatic stay so that they can continue the...
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When a person goes bankrupt, not everything is up for grabs. The law allows them toretain[9]some basic essentials, such as clothes, furniture, tools of their trade, and a car valued at less than $9,400. Some categories of assets can also be exempt, such as superannuation and compensati...
No. The US government is not bankrupt. Not even close. It does spend a great deal more than it “earns” however. Consequently, its financial position is deteriorating rapidly. Since the economic crisis began, the government’s debt has increased by $4 trillion to $15 trillion, and ...
One historical incidence of governmental credit default occurred with Philip II of Spain. Between 1557 and 1596, he declared national bankruptcy four times. President Roosevelt also declared the United States bankrupt in 1933. At that time, he enacted a National Emergency law whereby no U.S. citi...
On the ongoing dispute between the United States and China over the yuan exchange rate, Roubini disagreed with Chinese Premier Wen Jiabao’s view that a 20% appreciation will bankrupt many companies in its export sector. “(China is a) country that has productivity growth and excess of wage ...