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Epameinondas Katsikas, Nikiforos T. Laopodis and Konstantinos Spanos
This paper investigates the dynamic stability of public debt and its solvency condition in the face of crisis periods (1980?2021) in a sample of 11 euro-area countries. The focus is on the feedback loop between the dynamic stability of public debt and in...
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Heung Joo Jeon and Hyun Min Oh
This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that report that the quality of financial reporting may vary depending on the origin of the debt, the empirical analysis predicted that the ...
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Bianca Giannini,Chiara Oldani
Pág. 385 - 395
L?indebitamento e la sua sostenibilità sono elementi cruciali per determinare la solidità delle finanze pubbliche, ma la risposta alla domanda ?quanto debito dovrebbe emettere il settore dell?amministrazione pubblica? non è univoca. La sostenibilità del ...
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Eduardo Campos, Rubens Penha Cysne
Pág. 5 - 38
Este artigo avalia a sustentabilidade da dívida pública brasileira usando dados mensais de janeiro de 2003 a junho de 2016 com base na estimação de funções de reação fiscal cujos coeficientes variam ao longo do tempo. Consideramos três métodos de estimaç...
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José Mauricio Gil León,John William Rosso Murillo,Edgar Alonso Ramirez Hernández
Pág. 137 - 147
We study the effect of public indebtedness on economic growth in Latin American economies. Our main findings indicate that a Public Debt-GDP ratio of 75% leads to a deceleration in growth. On the other hand, a ratio of 35% increases the growth volatility...
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Gábor Kutasi
Pág. 25 - 39
Some EU members faced years of crisis in the first half of the 2010s with an excessive initial public debt, but several others had broad room for fiscal timulus. However, the prolonged duration of the European economic depression expended public budgets,...
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Doina Dascalu,Dragos Ungureanu
Pág. 31 - 46
. The article presents an analysis of the way public debt operates in Romania, in the context of states economies trends, of complex and topical financial environments.In the context of a functional market economy, the issues faced by certain states invo...
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Iulia Andreea Bucur,Mircea Muntean
This paper aims to explore, based on theoretical and empirical research in the field and on data available on Eurostat and European Commission, in the context of financial significant imbalances and thus of the financial stress in the EU countries and es...
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Iulia Andreea Bucur,Simona Elena Dragomirescu
Although the convergence criteria in the Maastricht Treaty led to the creation of the EMU and the euro area has resisted more than some of its critics believed, in the context of major macroeconomic imbalances, the issue of nominal convergence has been t...
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Marian Dobranschi
Public finances are key driver in the EU for economic recovery as the debth of the recession and credit constraints require fiscal policy action. This paper emphasis the needed review of public debt and its role in economic development as a particular ch...
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