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In defense of public debt / 1st ed

In defense of public debt / 1st ed (Loan 2 times)

Material type
단행본
Personal Author
Eichengreen, Barry J. El-Ganainy, Asmaa, author. Esteves, Rui Pedro, author.
Title Statement
In defense of public debt / Barry Eichengreen ... [et al.].
판사항
1st ed.
Publication, Distribution, etc
New York, NY :   Oxford University Press,   2021.  
Physical Medium
vii, 305 p. : ill. ; 25 cm.
ISBN
9780197577899
요약
"Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical role in meeting emergencies, from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education and healthcare. In these ways, the capacity to issue debt has been integral to state building. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defence of Public Debt redresses the balance. It develops its arguments historically, recounting two millennia of public debt experience. It deploys a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully brought down. Finally, it brings the story up to date, describing the role of public debt in managing the Covid-19 pandemic and suggesting a way forward once governments, now more heavily indebted than before, finally emerge from the crisis"--
Bibliography, Etc. Note
Includes bibliographical references and index.
Subject Added Entry-Topical Term
Debts, Public.
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008 220425s2021 nyua b 001 0 eng
010 ▼a 2021024154
020 ▼a 9780197577899 ▼q (hardback)
020 ▼z 9780197577912 ▼q (epub)
020 ▼z 9780197577929
035 ▼a (KERIS)REF000019637571
040 ▼a DLC ▼b eng ▼e rda ▼c DLC ▼d 211009
042 ▼a pcc
050 0 0 ▼a HJ8015 ▼b .E53 2021
082 0 0 ▼a 336.3/4 ▼2 23
084 ▼a 336.34 ▼2 DDCK
090 ▼a 336.34 ▼b I38
245 0 0 ▼a In defense of public debt / ▼c Barry Eichengreen ... [et al.].
250 ▼a 1st ed.
260 ▼a New York, NY : ▼b Oxford University Press, ▼c 2021.
264 1 ▼a New York, NY : ▼b Oxford University Press, ▼c 2021.
300 ▼a vii, 305 p. : ▼b ill. ; ▼c 25 cm.
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a unmediated ▼b n ▼2 rdamedia
338 ▼a volume ▼b nc ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
520 ▼a "Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical role in meeting emergencies, from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education and healthcare. In these ways, the capacity to issue debt has been integral to state building. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defence of Public Debt redresses the balance. It develops its arguments historically, recounting two millennia of public debt experience. It deploys a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully brought down. Finally, it brings the story up to date, describing the role of public debt in managing the Covid-19 pandemic and suggesting a way forward once governments, now more heavily indebted than before, finally emerge from the crisis"-- ▼c Provided by publisher.
650 0 ▼a Debts, Public.
700 1 ▼a Eichengreen, Barry J.
700 1 ▼a El-Ganainy, Asmaa, ▼e author.
700 1 ▼a Esteves, Rui Pedro, ▼e author.
945 ▼a ITMT

Holdings Information

No. Location Call Number Accession No. Availability Due Date Make a Reservation Service
No. 1 Location Main Library/Western Books/ Call Number 336.34 I38 Accession No. 111864168 Availability In loan Due Date 2022-07-08 Make a Reservation Available for Reserve R Service M

Contents information

Table of Contents

Acknowledgments
Chapter 1. Introduction
Chapter 2. Debt in Service of the State
Chapter 3. States and the Limits of Borrowing
Chapter 4. Democratization and Globalization
Chapter 5. Caveat Emptor
Chapter 6. Managing Problem Debts
Chapter 7. Successful Consolidation
Chapter 8. Warfare to Welfare
Chapter 9. Cycles of Debt
Chapter 10. Oil and Water
Chapter 11. Missed Opportunities
Chapter 12. Debt to the Rescue
Chapter 13. COVID-19
Chapter 14. Conclusion
References

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