The Eurozone Debt Crisis: Prospects for Europe, China, and the United States

2012 ◽  
Vol 34 (1) ◽  
pp. 34-42 ◽  
Author(s):  
Dan Steinbock
Keyword(s):  
United States ◽  
Debt Crisis ◽  
The United States

International debt and linkage strategies: some foreign-policy implications for the United States

1985 ◽  
Vol 39 (4) ◽  
pp. 699-727 ◽  
Author(s):  
Benjamin J. Cohen
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Latin American ◽  
Debt Crisis ◽  
Policy Instruments ◽  
The United States ◽  
Policy Implications ◽  
Power Resources ◽  
The Government ◽  
The Imf

The global debt problem influences the foreign-policy capabilities of the United States through its impact on the government's “linkage strategies” in foreign affairs. In some circumstances policy makers are forced to make connections between different policy instruments or issues that might not otherwise have been felt necessary; in others, opportunities for connections are created that might not otherwise have been felt possible. The Polish debt crisis of 1981–82, the Latin American debt crisis of 1982–83, and the IMF quota increase in 1983 are suggestive in this regard. Linkage strategies bred by the debt issue are more apt to be successful when the interest shared by the United States with other countries in avoiding default is reinforced by other shared economic or political interests. They will also be more successful to the extent that the government can supplement its own power resources by relating bank decisions to foreign-policy considerations. Power in such situations, however, is a wasting asset, even when employed indirectly through the intermediation of the IMF.

scholarly journals A Stimulus Package to Address the Pediatric Sleep Debt Crisis in the United States

2020 ◽  
Vol 174 (2) ◽  
pp. 115 ◽  
Author(s):  
Ariel A. Williamson ◽  
Lisa J. Meltzer ◽  
Alexander G. Fiks
Keyword(s):  
United States ◽  
Debt Crisis ◽  
The United States ◽  
Sleep Debt ◽  
Stimulus Package ◽  
Pediatric Sleep

scholarly journals Forty Years of Leverage: What Have We Learned About Sovereign Debt?

2014 ◽  
Vol 104 (5) ◽  
pp. 266-271
Author(s):  
Peter Boone ◽  
Simon Johnson
Keyword(s):  
United States ◽  
Financial Crises ◽  
Sovereign Debt ◽  
Best Practice ◽  
Debt Crisis ◽  
The United States ◽  
Banking Crises ◽  
Sovereign Debt Crisis ◽  
Negative Effects ◽  
Regulatory Constraints

Financial crises frequently increase public sector borrowing and threaten some form of sovereign debt crisis. Until recently, high income countries were thought to have become less vulnerable to severe banking crises that have lasting negative effects on growth. Since 2007, crises and attempted reforms in the United States and Europe indicate that advanced countries remain acutely vulnerable. Best practice from developing country experience suggests that regulatory constraints on the financial sector should be strengthened, but this is hard to do in countries where finance has a great deal of political power and cultural prestige, and where leverage is already high.

scholarly journals Student Debt in the United States: Rhetoric vs Reality

2018 ◽  
pp. 16-18
Author(s):  
Sandy Baum
Keyword(s):  
United States ◽  
Older Adults ◽  
College Graduates ◽  
Debt Crisis ◽  
The United States ◽  
General Notion ◽  
Student Debt ◽  
For Profit ◽  
Returning To School

The general notion of a student debt “crisis” in the United States is rooted in misperceptions. The problems lie largely with students who leave school without a credential, with those who attend for-profit institutions, and with older adults returning to school—not with young, four-year college graduates.

American Politics and its Debt Issue

2014 ◽  
Vol 2 (1) ◽  
pp. 107
Author(s):  
Balasundram Maniam
Keyword(s):  
United States ◽  
American Politics ◽  
Political System ◽  
Debt Crisis ◽  
The United States ◽  
Debt Level ◽  
Working Together ◽  
The Government ◽  
The U.S ◽  
The Way

The purpose of this paper is to shed some light on the on-going debate about the United States’ debt level and how U.S. lawmakers are attempting to resolve it. On the surface, it seems like they are not working together to resolve the issue, but further complicating it with various tactics, such as the government shutdown. That raises the question, “why is this the case?” to which the answer can be found through the understanding of the American political system and the way it was founded. It should be noted that many leading economists have questioned the very idea as to why we are making a big deal about the U.S. debt issue and assert that the U.S. does not have a debt crisis to begin with, and the issue is simply made up for political reasons. Many leading economists have a position on this argument and they strongly believe that their position is the correct one. The objective of this paper is to highlight those views as well as share its own view on the important topic while keeping an eye on why the U.S. political system functions the way it does.

The Reluctant Giant: Japan and the Latin American Debt Crisis

1990 ◽  
Vol 22 (1-2) ◽  
pp. 1-30 ◽  
Author(s):  
Barbara Stallings
Keyword(s):  
United States ◽  
Latin America ◽  
Latin American ◽  
Reagan Administration ◽  
Debt Crisis ◽  
The United States ◽  
Political Life ◽  
Dominant Feature ◽  
Close Relationship ◽  
Us Hegemony

The debt crisis has been the dominant feature of Latin American economic and political life since 1982. While the Reagan Administration gave greater priority to Central America, it nevertheless managed the international response to the debt crisis. US management initially seemed logical for several reasons: US hegemony worldwide, the traditionally close relationship between the United States and Latin America, and the leading exposure of US banks in Latin American debt. During the period since 1982, however, two of these three elements have changed. Japan has challenged US hegemony, although it certainly has not displaced the United States, and Japanese banks have caught up with their US counterparts as holders of Latin American debt.2 Despite their lack of traditional relations with Latin America, then, the Japanese are becoming increasingly – although perhaps reluctantly – involved in the region.

scholarly journals Testing the white noise hypothesis in high-frequency housing returns of the United States

2020 ◽  
Vol 9 (3) ◽  
pp. 178-188
Author(s):  
Aviral Kumar Tiwari ◽  
Rangan Gupta ◽  
Juncal Cunado ◽  
Xin Sheng
Keyword(s):  
United States ◽  
White Noise ◽  
Housing Market ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
The United States ◽  
Market Returns ◽  
Subprime Mortgage ◽  
Economic Agents ◽  
Rolling Window

Utilizing a daily dataset of aggregate housing market returns of the United States, we test whether housing market returns are white noise using the blockwise wild bootstrap in a rolling-window framework. We investigate the dynamic evolution of housing market efficiency and find that the white noise hypothesis is accepted in most windows associated with non-crisis periods. However, for some periods before the burst of the housing market bubbles, and during the subprime mortgage crisis, European sovereign debt crisis and the Brexit, the white noise hypothesis is rejected, indicating that the housing market is inefficient in periods of turbulence.  Our results have important implications for economic agents.

Institutionalizing a Stalemate: National Financial Policies and the International Debt Crisis

1990 ◽  
Vol 10 (1) ◽  
pp. 23-43 ◽  
Author(s):  
Louis W. Pauly
Keyword(s):  
United States ◽  
Debt Crisis ◽  
The United States ◽  
Federal Republic Of Germany ◽  
Industrialized Countries ◽  
Financial Policies ◽  
International Debt ◽  
Regulatory Policies ◽  
International Banks ◽  
Financial Regulatory

ABSTRACTThis article explores the hypothesis that trends in the financial regulatory and supervisory policies of advanced industrialized countries encouraged the retreat of international banks from lending to developing countries during the 1980s. Drawing upon the illustrative cases of the United States, Japan, Canada, and the Federal Republic of Germany, it assesses the plausibility of the argument that convergent trends in regulatory policies reinforced that retreat, notwithstanding the efforts of top policymakers to promote adequate new lending in the context of a deepening crisis.

The Philippines in 2004: New Mandate, Daunting Problems

Asian Survey ◽  
2005 ◽  
Vol 45 (1) ◽  
pp. 127-133 ◽  
Author(s):  
Temario C. Rivera
Keyword(s):  
United States ◽  
Budget Deficit ◽  
Debt Crisis ◽  
The United States ◽  
The Philippines ◽  
National Elections ◽  
Peace Negotiations ◽  
And Control ◽  
The Military

National elections in the Philippines took place on May 10, 2004, providing incumbent President Gloria Macapagal Arroyo with a six-year electoral mandate and control of both houses of Congress and most of the local governmental positions. However, the Arroyo administration faced a worsening budget deficit and debt crisis, increased incidence of hunger and poverty, pervasive corruption scandals in the military, inconclusive peace negotiations with communist guerrillas and Muslim separatists, and an unexpected twist in the country's relations with the United States, provoked by a crisis in the Philippines' involvement in Iraq.

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