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Is Public Debt Management in Slovenia Efficient: An Empirical Analysis

References Barro, R.J. 1999. Notes on Optimal Debt Management. Journal of Applied Economics 2(2), pp. 281-289. Carracedo, M.F., and Dattels Peter, 1997. Survey of Public Debt Management Frameworks in Selected Countries. In Sundararajan V., P. Dattels, H.J. Blommestein H.J. (ed.). Coordinating Public Debt and Monetary Management . Washington D.C.: International Monetary Fund: 96-162. Cassard, M., and D. Folkerts-Landau. 1997. Risk Management of Sovereign Assets and Liabilities

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(Un)Productive Use of Public Debt in Kosovo

, p. 1–24 Cullison, William E. (1993). Public Investment and Economic Growth, Federal Reserve Bank of Richmond Economic Quarterly , Vol. 79, No. 4, p. 19-33 Devarajan, S., Swaroop, V., and Zou, H. (1996), The composition of public expenditure and economic growth, Journal of Monetary Economics, No.37, p. 313-344 European Commission (2016), 2016 Economic Reform Programme of Kosovo, Institutional Paper, No. 028, p. 1-23 Égert, Balázs (2012). Public Debt, Economic Growth and Nonlinear Effects: Myth or Reality?, OECD Working Papers, No. 993

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Public Debt under Financial Crisis in the New EU Member States

References Aldrich W.W. (1949), The Management of the Public Debt, „Journal of Finance”, vol. 4, issue 1. Benigno P., Missale A. (2004), High public debt in currency crises: fundamentals versus signaling effects, “Journal of International Money and Finance”, vol. 23, issue 2. Dębski W. (1997), Akcje, obligacje i ich wycena, Absolwent, Łódź. Dooley M.P. (2000), Debt management and crisis in developing countries, “Journal of Development Economics”, vol. 63, issue 1. Easterly W

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Term Structure of Public Debt and Refinancing Risk in the Economic and Monetary Union

References Asach, R.L. (1999). Politics and Public Debt. The Dominion, the Banks and Alberta's Social Credit. Edmonton: University of Alberta Press. Financial Stability Forum (2000). Report of the Working Group on Capital Flows. 10 th June 2011. http://www.financialstabilityboard.org/publications/r_0004.pdf IMF (2001). Guidelines for Public Debt Management. Prepared by the Staffs of the International Monetary Fund and the World Bank. IMF and World Bank

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A Model to Simulate the Dynamics of Public Debt Sustainability in EU

References Albu, L.-L. (2002): “Sustainability Function”, Romanian Jornal for Economic Forecasting , 2, 5-14. Albu, L.-L. (2008): “A Simulation model of public debt sustainability, MPRA Paper 11713, University Library of Munich, Germany. Barro, R. (1988): “The Ricardian Approach to Budget Deficits”, NBER, Working Paper , no. 2685. Blanchard, O. J. (1990): “Suggestion for a New Set of Fiscal Indicators”, OECD Working Paper , 79. Coricelli, F. (1997): “Fiscal Policy a Long Term View”, Economic Policy Initiative , 3, Forum Report

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How to stop the snowball growth? A way for sustaining public debt over generations

deficit accounting , No. w3589, National Bureau of Economic Research, pp. 55-110, Chapter in Tax Policy and the Economy, Volume 5, Edited by David Bradford. [5] Balassone, F., Franco, D., & Zotteri, S. (2004). Public Debt: A Survey of Policy Issues, Bank of Italy, Research Department, Public Finance Workshop, 1-3 April 2004, Perugia. [6] Barro T. R. (1979). On the Determination of Public Debt, The Journal of Political Economy , Vol. 87, No. 5, Part 1 (Oct., 1979), pp. 940-971. [7] Blanchard, O.J. (1985). Debt, Deficits and Finite Horizons, Journal

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Long-Term Borrowing and Intergenerational Redistribution of Public Debt. The Case of Central and Eastern EU Member States

Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges, International Monetary Fund. Kosikowski C. (2011), Naprawa finansów publicznych w Polsce, Wydawnictwo Temida 2, Białystok. Laffargue J.-P. (2009), Intergenerational Transfers and the Stability of Public Debt with Short-Lived Governments, “Mathematical Population Studies”, Vol. 16, Issue 1. Lindbeck A., Weibull J.W. (1986), Intergenerational Aspects of Public Transfers, Borrowing and Debt, Scandinavian Journal of Economics, Vol. 88, Issue 1

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Public Debt and Its Impact on the Polish Economy and Society

staremu, http://tinyurl.com/l8j5zul (19.10.2013). Gazeta Wyborcza (2012b). Człowiek jest zbędny, gdy nie może kupować, http://tinyurl.com/myut7qp (17.08.2013). Hendron, T., Ash, M. and Pollin, R. (2013). Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff. Cambridge Journal of Economics, 23(1), http://dx.doi.org/10.1093/cje/bet075 Kalecki, M. (2010). Michal Kalecki, “Political Aspects of Full Employment”, http://tinyurl.com/cp9ood2 (04.01. 2013). Kobayashi, K. (2013

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Public Debt and Economic Growth in Albania

Abstract

A high public debt and its consequences in the economy remain a very important issue to be discussed, especially during the periods of crisis and recessions. During the crisis, although Albania managed to maintain a positive economic growth, its public debt remains high and worrying for the economists. The purpose of this paper is to determine if there exist a correlation between the public debt and the economic growth in Albania, where the economic growth will be considered as the increase of GDP. Many authors have provided their contributions with various empirical analyzes to study the mutual link between economic growth and public debt and the results and the methodologies are different in different countries and periods. What is the situation in Albania at about the last 25 years? Analyzing the macroeconomic situation (the structure of Albanian public debt, the data on economic growth and public debt, the reasons of a high deb etc.) and the main causes of a positive growth and a macroeconomic stability, but a high public debt, we can conclude over the expectations and the trend of the future.

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An Analysis of Public Debt Servicing in Zambia: Trends, Reforms and Challenges

Abstract

The main goal of this paper is to discuss the dynamics of public debt servicing – both domestic and foreign – in Zambia, tracing the trends, reforms and challenges over the period from 1964 to 2015. The paper shows that the exceptional rise in public debt servicing obligations in Zambia over the period under review has been principally due to high domestic and foreign interest rates, frequent debt rescheduling at commercial rates, and capitalisation of non-liquidated service obligations at commercial rates. Also revealed in the paper is the fact that prior to 2005, Zambia experienced severe public debt servicing problems which eased after 2006 owing to debt relief initiatives and an economic rebound. Among the government debt service reforms discussed in the paper are structural adjustments in foreign exchange management, fiscal and monetary reforms, and aggressive engagement of traditional creditors. Primary among the identified challenges of public debt servicing in Zambia was the insistent economic crises that dogged the country during the study period. Notwithstanding the current public debt service sustainability and remarkable economic performance that characterise the country today, the paper found that the recent contraction of nonconcessional loans by the state poses a threat to debt service sustainability in future. Hence, the paper recommends, among other things, for aligning of public sector infrastructure spending with revenues to ensure budget sustainability, and to continue diversifying the economy to minimise the impact of external commodity price shocks on the economy.

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