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Explaining foreign holdings of Asia’s debt securities

Horioka, Charles; Nomoto, Takaaki; Terada Hagiwara, Akiko - 2014

securities, with emphasis on Japan and developing Asia. We find that foreign residents generally increased their holdings of …

Persistent link: https://www.econbiz.de/10010336962

Explaining foreign holdings of Asia's debt securities : the Feldstein-Horioka paradox revisited

Horioka, Charles; Terada Hagiwara, Akiko; Nomoto, Takaaki - 2015

the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher riskadjusted returns, whereas …

Persistent link: https://www.econbiz.de/10011379708

Fiscal multipliers and foreign holdings of public debt

Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, … - 2019

smaller than one when the foreign share is low, such as in the U.S. in the 1950's and 1960's and Japan today, and larger than …

Persistent link: https://www.econbiz.de/10011994640

Were U.S. Banks Exposed to the Greek Debt Crisis?

Cornett, Marcia Millon - 2015

This study provides an empirical analysis of the impact of the Greek debt crisis on stock returns of U.S. commercial banks. We find that good (bad) news events pertaining to the Greek debt crisis, identified by large changes in the Greek CDS spread, produce insignificant positive (negative)...

Persistent link: https://www.econbiz.de/10013025329

The first debt ceiling crisis

Garbade, Kenneth D. - 2016

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...

Persistent link: https://www.econbiz.de/10011496869

Explaining fluctuations in the thrift savings fund daily balance at U.S. treasury

Skidmore, Mark; Alvayay Torrejón, Camila; Pare, David - 2021

voluntary federal government employee retirement savings vehicle called the Thrift Savings Plan. The G-Fund is managed as …

Persistent link: https://www.econbiz.de/10012514922

PIIGS ‘R’ Us? The Coming U.S. Debt Crisis and What Can Be Done About It

Richardson, Stephen - 2011

The U.S. is beset by weak economic growth, ballooning debt and stubbornly high unemployment but the collapse of the housing bubble that spurred the 2008-2009 global financial crisis was more a consequence than a cause of what is wrong. The real culprit was and remains poor policymaking in the...

Persistent link: https://www.econbiz.de/10013122134

Repudiation! The Crisis of United States Civil War Debt, 1865-1870

Noll, Franklin - 2013

From 1865 to 1870, a crisis atmosphere hovered around the issue of the massive public debt created during the recently concluded Civil War, leading, in part, to the passage of a Constitutional Amendment ensuring the “validity of the public debt.” However, the Civil War debt crisis was not a...

Persistent link: https://www.econbiz.de/10014162170

Where is U.S. Sovereign Debt Heading? A Forecasting Model

Menon, Murali - 2014

We develop a debt-to-GDP forecasting framework incorporating the classical debt accounting relationship relating the debt-to-GDP ratio to its previous period value, the growth rate of the economy, the government cost of debt service, and the primary balance. We present a linearization of the...

Persistent link: https://www.econbiz.de/10013061008

The Economic Consequences of a US Debt Default

Angelov, Ivaylo - 2023

This article explores the challenges posed by the rising US national debt and government budget deficits. Using a combination of literature review and statistical analysis, the article examines the factors contributing to the national debt and the potential consequences of unsustainable...

Persistent link: https://www.econbiz.de/10014344925