This paper investigates the international spillovers of government debt and the associated risk of inflation within a … can shift part of its long-term debt burden to the funded country. Moreover, the PAYG country gains from unexpected … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …

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 …

to the impact of debt financing, particularly bank debt, with external bank financing has a negative impact on long run …

the false impression that high levels of debt were sustainable. We further argue that the trend of increasing inequality …

, 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 …

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … can shift part of its long-term debt burden to the funded country. Moreover, the PAYG country gains from unexpected … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …