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IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference
Mr.Robert P. Flood
出版International Monetary Fund, 2003-08-25
主題Business & Economics / Finance / Financial Risk ManagementBusiness & Economics / Exports & ImportsBusiness & Economics / Economics / Macroeconomics
ISBN15890620439781589062047
URLhttp://books.google.com.hk/books?id=rSahWBV2RTIC&hl=&source=gbs_api
EBookSAMPLE
註釋The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt restructuring. It also describes the broad trends in international financial integration for a sample of industrial countries and explains the cross-country and time-series variation in the size of international balance sheets.