clarification of relationship between face and market value of debt, and empirical test of model are needed. …

measures were taken that damaged the interests of investors; the debt relief that was demanded bore little relation to the …

, deficit per GDP, domestic and foreign outstanding debt per GDP, domestic and foreign externally financed debt per GDP and … money supply, domestic and foreign interest rate and domestic externally financed debt have a statistically significant … exchange rate over the short run. The change in interest rate, the growth of money supply, the commodity price and the US debt …

the economic development and the capital flows, market access and debt initiatives. Partnership with the international …

phenomenon), we argue that money is a social relationship, specifically a debt relationship, that emerges with propertied, class … such organizations, precluded debt and the self-interested behavior that is consistent with debt. Adopting the Chartalist …

expected credit losses, are responsible for these features. Building on the idea that corporate debt, while safe in ordinary …

's production side and on welfare, but not on its stock of foreign debt and the country specific risk premium, and large part of the … dynamics and a considerable reduction in foreign debt, allowing higher consumption in the long run and creating an … intertemporal welfare gain, even though unemployment increases strongly in the short-run. A 50% haircut of foreign debt …