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The precipitous decline in the price of oil over the past year has raised questions about the sustainability of the budget trajectory in many resource-rich nations. Given the central parliamentary role in the budget process and the singular importance of extractive industries to Canada's fiscal...
Persistent link: https://www.econbiz.de/10012999375
Fiscal sustainability is an issue of worldwide concern, but it rings particularly true in the case of Pakistan's present debt trajectory. A shrinking fiscal space and an over-reliance on external debt financing has put immense pressure on the Pakistani economy and state; and as the urgency of the...
Persistent link: https://www.econbiz.de/10012868192
The focus of economists in Bitcoin and other cryptocurrencies has been on its monetary aspects, particularly its deflationary nature, its fungibility, and its disruption of modern monetary mechanisms. This discussion paper draws the focus away from monetary discourses towards fiscal ones,...
Persistent link: https://www.econbiz.de/10012941358