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Book
The economics of sovereign debt and default
Authors: ---
ISBN: 0691189242 9780691176819 9780691189246 Year: 2021 Publisher: Princeton : Princeton University Press,

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Abstract

Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind sovereign debt markets, shedding light on the frictions and inefficiencies that prevent the smooth functioning of these markets, and proposing sensible approaches to sovereign debt management. 'The Economics of Sovereign Debt and Default' looks at the core friction unique to sovereign debt - the lack of strong legal enforcement - and goes on to examine additional frictions such as deadweight costs of default, vulnerability to runs, the incentive to 'dilute' existing creditors, and sovereign debt's distortion of investment and growth.

Keywords

BUSINESS & ECONOMICS / Economics / Macroeconomics. --- Debts, External. --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- Debts, Public. --- Default (Finance) --- Finance --- Finance, Public --- Repudiation --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Deficit financing --- 1997 Asian financial crisis. --- Auction. --- Balance of trade. --- Bank rate. --- Bond (finance). --- Bond market. --- Capital market. --- Capitalism. --- Central bank. --- Competition (economics). --- Consumer price index. --- Consumption (economics). --- Convergence (economics). --- Coordination failure (economics). --- Cost of capital. --- Credit (finance). --- Credit default swap. --- Credit risk. --- Creditor. --- Currency. --- Debt Issue. --- Debt crisis. --- Debt limit. --- Debt overhang. --- Debt ratio. --- Debt. --- Default (finance). --- Economic equilibrium. --- Economic liberalization. --- Economic planning. --- Economic policy. --- Economics. --- Economy. --- Equity Market. --- Equity ratio. --- European debt crisis. --- Eurozone. --- Exchange rate. --- External debt. --- Finance. --- Financial Account. --- Financial Times. --- Financial crisis of 2007–08. --- Financial crisis. --- Financial engineering. --- Financial fragility. --- Fiscal policy. --- Foreign Exchange Reserves. --- Foreign direct investment. --- Government bond. --- Government budget balance. --- Government budget. --- Government debt. --- Haircut (finance). --- Hedge (finance). --- Hedge fund. --- High-yield debt. --- Incremental capital-output ratio. --- Inflation. --- Institutional investor. --- Insurance. --- Interest rate. --- International Monetary Fund. --- Investment goods. --- Investment. --- Macroeconomics. --- Market economy. --- Market liquidity. --- Market mechanism. --- Market price. --- Market value. --- Money management. --- Money market. --- Neoclassical economics. --- Net capital outflow. --- Net foreign assets. --- Payment. --- Political economy. --- Price Change. --- Probability of default. --- Profit (economics). --- Public finance. --- Real interest rate. --- Repayment. --- Return on capital. --- Revaluation of fixed assets. --- Risk premium. --- Risk-Return Tradeoff. --- Securitization. --- Stock market index. --- Stock market. --- Supply (economics). --- Swap (finance). --- Tax revenue. --- Trade credit. --- Trader (finance). --- Trading nation. --- United States Treasury security. --- World Bank. --- World economy.


Book
Indebted
Author:
ISBN: 9780691223216 0691223211 Year: 2022 Publisher: Princeton, NJ

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Abstract

How the financial pressures of paying for college affect the lives and well-being of middle-class families The struggle to pay for college is a defining feature of middle-class life in America. Caitlin Zaloom takes readers into homes of families throughout the nation to reveal the hidden consequences of student debt and the ways that financing college has transformed our most sacred relationships. She describes the profound moral conflicts for parents as they try to honor what they see as their highest parental duty-providing their children with opportunity-and shows how parents and students alike are forced to gamble on an investment that might not pay off. Superbly written and unflinchingly honest, Indebted breaks through the culture of silence surrounding the student debt crisis, exposing the unspoken costs of sending our kids to college.

Keywords

Student loans. --- Middle class families. --- Loans, Personal. --- Education, Higher --- SOCIAL SCIENCE / Social Classes --- Middle class families --- Loans, Personal --- Student loans --- Student loan funds --- Student loan programs --- Loans --- Student aid --- Scholarships --- Families --- Consumer loans --- Loans, Consumer --- Loans, Small --- Personal loans --- Small loans --- Consumer credit --- Finance. --- Costs. --- United States. --- 529 plan. --- Ability To Pay. --- Adviser. --- African American Family. --- African Americans. --- Aid. --- American middle class. --- Americans. --- Anthropologist. --- Associate degree. --- Bachelor's degree. --- Bankruptcy. --- Calculation. --- Capitalism. --- Career. --- Center for Advanced Study in the Behavioral Sciences. --- Center on Budget and Policy Priorities. --- College Board. --- Community college. --- Consideration. --- Customer. --- Debt. --- Determination. --- Economics. --- Economist. --- Education. --- Employment. --- Expected Family Contribution. --- Expense. --- FAFSA. --- Family Lives. --- Family income. --- Financial adviser. --- Financial literacy. --- For-profit higher education in the United States. --- Funding. --- Graduation. --- Grandparent. --- Higher education. --- His Family. --- Historically black colleges and universities. --- Home equity. --- Household. --- Income. --- Institution. --- Interview. --- Investment fund. --- Investor. --- Middle class. --- Mortgage loan. --- Nancy Fraser. --- Narrative. --- New York University. --- Nuclear family. --- Of Education. --- Oppression. --- PLUS Loan. --- Parenting. --- Payment. --- Pension. --- Poverty. --- Private school. --- Private university. --- Public institution (United States). --- Public university. --- Pundit. --- Racism. --- Rational choice theory. --- Remarriage. --- Repayment plan. --- Requirement. --- Research assistant. --- Retirement. --- Russell Sage Foundation. --- Salary. --- Sallie Mae. --- Saving. --- Scholarship. --- Security (finance). --- Sibling. --- Social mobility. --- Social science. --- Sociology. --- Standard of living. --- State school. --- Student debt. --- Student loan. --- Student. --- Subsidy. --- Tax. --- Technology. --- Trade-off. --- Tuition payments. --- Uncertainty. --- University. --- Vocational education. --- Wealth. --- Welfare. --- Year. --- ABŞ --- ABSh --- Ameerika Ühendriigid --- America (Republic) --- Amerika Birlăshmish Shtatlary --- Amerika Birlăşmi Ştatları --- Amerika Birlăşmiş Ştatları --- Amerika ka Kelenyalen Jamanaw --- Amerika Qūrama Shtattary --- Amerika Qŭshma Shtatlari --- Amerika Qushma Shtattary --- Amerika (Republic) --- Amerikai Egyesült Államok --- Amerikanʹ Veĭtʹsėndi͡avks Shtattnė --- Amerikări Pĕrleshu̇llĕ Shtatsem --- Amerikas Forenede Stater --- Amerikayi Miatsʻyal Nahangner --- Ameriketako Estatu Batuak --- Amirika Carékat --- AQSh --- Ar. ha-B. --- Arhab --- Artsot ha-Berit --- Artzois Ha'bris --- Bí-kok --- Ē.P.A. --- É.-U. --- EE.UU. --- Egyesült Államok --- ĒPA --- Estados Unidos --- Estados Unidos da América do Norte --- Estados Unidos de América --- Estaos Xuníos --- Estaos Xuníos d'América --- Estatos Unitos --- Estatos Unitos d'America --- Estats Units d'Amèrica --- Ètats-Unis d'Amèrica --- États-Unis d'Amérique --- ÉU --- Fareyniḳṭe Shṭaṭn --- Feriene Steaten --- Feriene Steaten fan Amearika --- Forente stater --- FS --- Hēnomenai Politeiai Amerikēs --- Hēnōmenes Politeies tēs Amerikēs --- Hiwsisayin Amerikayi Miatsʻeal Tērutʻiwnkʻ --- Istadus Unidus --- Jungtinės Amerikos valstybės --- Mei guo --- Mei-kuo --- Meiguo --- Mî-koet --- Miatsʻyal Nahangner --- Miguk --- Na Stàitean Aonaichte --- NSA --- S.U.A. --- SAD --- Saharat ʻAmērikā --- SASht --- Severo-Amerikanskie Shtaty --- Severo-Amerikanskie Soedinennye Shtaty --- Si͡evero-Amerikanskīe Soedinennye Shtaty --- Sjedinjene Američke Države --- Soedinennye Shtaty Ameriki --- Soedinennye Shtaty Severnoĭ Ameriki --- Soedinennye Shtaty Si͡evernoĭ Ameriki --- Spojené obce severoamerické --- Spojené staty americké --- SShA --- Stadoù-Unanet Amerika --- Stáit Aontaithe Mheiriceá --- Stany Zjednoczone --- Stati Uniti --- Stati Uniti d'America --- Stâts Unîts --- Stâts Unîts di Americhe --- Steatyn Unnaneysit --- Steatyn Unnaneysit America --- SUA --- Sŭedineni amerikanski shtati --- Sŭedinenite shtati --- Tetã peteĩ reko Amérikagua --- U.S. --- U.S.A. --- United States of America --- Unol Daleithiau --- Unol Daleithiau America --- Unuiĝintaj Ŝtatoj de Ameriko --- US --- USA --- Usono --- Vaeinigte Staatn --- Vaeinigte Staatn vo Amerika --- Vereinigte Staaten --- Vereinigte Staaten von Amerika --- Verenigde State van Amerika --- Verenigde Staten --- VS --- VSA --- Wááshindoon Bikéyah Ałhidadiidzooígíí --- Wilāyāt al-Muttaḥidah --- Wilāyāt al-Muttaḥidah al-Amirīkīyah --- Wilāyāt al-Muttaḥidah al-Amrīkīyah --- Yhdysvallat --- Yunaeted Stet --- Yunaeted Stet blong Amerika --- ZDA --- Združene države Amerike --- Zʹi͡ednani Derz͡havy Ameryky --- Zjadnośone staty Ameriki --- Zluchanyi͡a Shtaty Ameryki --- Zlucheni Derz͡havy --- ZSA

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