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Public Debt Reduction in Advanced Countries and Its Impacts on Emerging Countries

  • Farmer K
  • Schelnast M
DOI: 10.1007/978-3-642-33669-0_15
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Abstract

Financial crises associated with banking crises leave heavy fiscal legacies. For the USA eg an increase in the gross government debt to GDP ratio towards more than 100% is predicted by 2012. Due to its unsustainability a significant reduction of public debt in the USA and in …

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Farmer, K., & Schelnast, M. (2013). Public Debt Reduction in Advanced Countries and Its Impacts on Emerging Countries (pp. 333–360). https://doi.org/10.1007/978-3-642-33669-0_15

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