IMF Staff Papers: Volume 50: Special Issue: IMF Third Annual Research Conference

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 th...

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1. Verfasser: Flood, Robert P. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2003
Schriftenreihe:IMF Staff Papers IMF Staff Papers, Volume 50, Special Issue
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Zusammenfassung: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
Beschreibung:1 Online-Ressource (196 p)
ISBN:1589062043
9781589062047

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