The First Debt Ceiling Crisis

In the second half of 1953 the United States, for the first time, risked exceeding the statutory limit on Treasury debt. This paper describes how Congress, the White House, and Treasury officials dealt with the looming crisis—by deferring and reducing expenditures, monetizing “free” gold that remained from the devaluation of the dollar in 1934, and, ultimately, raising the debt ceiling

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Year of publication:	2017
Authors:	Garbade, Kenneth D.
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Öffentliche Schulden \| Public debt \| Finanzkrise \| Financial crisis \| Internationale Staatsschulden \| International sovereign debt \| Wirtschaftskrise \| Economic crisis

Extent:	1 Online-Ressource (13 p)
Series:	FRB of NY Staff Report ; No. 783
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2016-06-01 erstellt
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; H63 - Debt; Debt Management ; N22 - U.S.; Canada: 1913-
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012968886