Long Term Debt with Hidden Borrowing
نویسندگان
چکیده
منابع مشابه
Impact of Long-term Debt on Overinvestment Problem of Agency
Business units are always faced with investment opportunities and need to make logical decisions on an optimal investment. Indeed, the investment of each business unit should be done with regard to the resource constraints and its effectiveness through the criteria for evaluating the projects including the net present value (NPV). The paper aims to investigate the effect of long-term debt on th...
متن کاملLong-Term Objectives for Government Debt
Governments use national debt and the budget deficit as measures of fiscal position. But what should government policy aim to achieve with respect to these measures? Are these the right summary measures at which to be looking? This paper considers what the government should use as its fiscal targets to achieve policies that are consistent with long-term fiscal objectives. Among its findings are...
متن کاملDoes Student Loan Debt Affect Borrowing by Young Households?
This study takes on the issue of young adults’ retreat from the housing and auto markets from a different perspective. Instead of trying to establish a correlation and causality between homeownership and student loan debt of young households, which has been the common approach in the literature, this study will attempt to reveal the connection between student loan debt and young households’ acc...
متن کاملBorrowing During Unemployment: Unsecured Debt as a Safety Net
This paper explores two related questions: Does unsecured debt help households supplement lost earnings during unemployment, and does limited access to such credit have important welfare implications? These questions have become particularly relevant as consumers increasingly rely on unsecured debt to finance consumption. Growth in unsecured debt has been most striking among the poor. Some rese...
متن کاملFinancing Developing Country Debt: A Sovereign Borrowing Entity Proposal
This paper proposes the creation of a Sovereign Borrowing Entity (SBE) under the auspices of the International Monetary Fund (IMF) and other International Financial Institutions (IFIs). The SBE guarantees bond issuances by developing nations, packages them in relatively small denominations, and auctions them to the public. Should a developing debtor country fail to pay its debt, the SBE would r...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.849388