LOCAL PUBLIC DEBT MANAGEMENT: LESSONS FROM GREECE IN INCLUSIVE ECONOMIC PERSPECTIVE

2018 ◽  
Vol 63 (04) ◽  
pp. 967-980
Author(s):  
STEVEN ROSEFIELDE ◽  
YIYI LIU
Keyword(s):  
Economic Theory ◽  
Public Debt ◽  
Debt Crisis ◽  
Debt Management ◽  
Mutual Support ◽  
Economic Perspective ◽  
Additional Insight ◽  
Local Authorities ◽  
Public Debt Management ◽  
Local Public Debt

This paper discusses the potential dangers of adversarial debt management in China between central and local authorities. It draws lessons from Germany’s recent mishandling of the Greek debt crisis to illustrate nuances and stresses the wisdom of cooperation and mutual support in restoring balance to local Chinese finance. Inclusive economic theory provides additional insight.

Public Debt, Cloud Computing Technology, and Leadership Crisis in the 21st Century

2021 ◽  
pp. 111-126
Author(s):  
Christian Ugwueze Amu ◽  
Nathaniel Chinedum Nwezeaku ◽  
Linus Eze Akujuobi ◽  
Benedict Anayochukwu Ozurunba ◽  
Sharon Nanyongo Njie ◽  
...  
Keyword(s):  
Public Debt ◽  
Debt Crisis ◽  
Debt Management ◽  
Ruling Elite ◽  
Management Tools ◽  
Ex Post ◽  
Leadership Crisis ◽  
Ex Post Facto ◽  
Public Debt Management ◽  
Public Debts

Recent literature on the economies of developed and developing nations identify a rise in the records of public debts which most industrialized nations continue to acquire for the purpose of sustaining their economies. Consequently, Nigeria, in 2017, recorded alarming public debts of N19.16trn, representing 10.37% ratio of debt-to-GDP. These figures, scholars infer, explain the disturbing degree of decay inherent in major government infrastructures. Adopting the ‘debt overhanging theory', Marilyn's ex-post facto research design, and Creswell's mix-method research approaches, the authors interrogate arguments posited for or against public debt management with a view to proffering ICT and cloud technology as panacea for curbing the alarming rise in the cases of public debt crisis and the leadership crisis raging in the countries under review. A high degree of political rascality among the ruling elite and the lacking of viable ICT-oriented public debt management tools among African polities were observed. A re-orientation of the ruling class with ICT techniques was recommended.

The Politics of Public Debt Management Among Rising Hegemonies and the Role of ICT

2019 ◽  
Vol 15 (3) ◽  
pp. 72-83
Author(s):  
Christian Ugwueze Amu ◽  
Nathaniel Chinedum Nwezeaku ◽  
Linus Ezewunwa Akujuobi ◽  
Benedict Anayo Ozurunba ◽  
Sharon Nanyongo Njie ◽  
...  
Keyword(s):  
Public Debt ◽  
Choice Theory ◽  
Debt Crisis ◽  
Debt Management ◽  
Management Systems ◽  
The Public ◽  
Ex Post ◽  
Ex Post Facto ◽  
Public Debt Management

While scholars like Wogu and Misra unanimously affirmed the beneficial roles of adopting AI powered ICT systems in various sectors of government and endeavours, most countries in OECD and the Commonwealth - for reasons described as ‘a political reckless attitude' - have shied away from fully adopting and implementing intelligent debt management systems for their country's financial sectors, hence, the looming debt crisis hanging over them. Premised on the Public Choice theory, the study adopts Marilyn's Ex-post facto research design and Creswell's mix-method research approaches to interrogate the arguments proffered for and against the public debt management and the benefits of ICT, with a view to identifying the nexus that exists between the politics of debt management crisis and the role of ICT for 21st-century polities. The article identified a high degree of political rascality amongst political elites and a lackadaisical will towards the full implementation of intelligent debt management systems in the countries with looming debt crisis. Viable recommendations were proffered.

PUBLIC DEBT MANAGEMENT AND FOREIGN CURRENCY DENOMINATED BONDS

2007 ◽  
Vol 10 (05) ◽  
pp. 763-770
Author(s):  
SILVIA CECCACCI ◽  
ALESSANDRO MARCHESIANI ◽  
LORENZO PECCHI
Keyword(s):  
Stochastic Model ◽  
Public Debt ◽  
Foreign Currency ◽  
Debt Management ◽  
Bond Type ◽  
Total Debt ◽  
Public Debt Management ◽  
Percentage Share ◽  
Increasing Function

Foreign-currency denominated securities are introduced in a stochastic model à la Missale [13]. It is shown that the percentage share of this bond type, as compared to total debt, is an increasing function of the covariance between the output and the rate of depreciation, but it may or may not be a decreasing function of the volatility of the rate of depreciation.

MAIN PROBLEMS OF PUBLIC DEBT MANAGEMENT OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 2 (5) ◽  
pp. 27-31
Author(s):  
I. V. SUGAROVA ◽  
◽  
N. V. TADTAEVA ◽  
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Public Debt ◽  
World Economy ◽  
Debt Management ◽  
Financial Resources ◽  
Modern World ◽  
The Russian Federation ◽  
Public Debt Management

In the modern world economy, most countries lack the financial resources to fully perform their duties and functions to their citizens. The consequence of the increase in borrowing by countries is the growth of public debt. Its management is becoming one of the most acute problems in the current conditions. The article presents the main aspects of this problem, and suggests measures to stimulate the country's economic growth.

scholarly journals The Public Debt of Ukraine and the Budget Expenditure for Its Service

2018 ◽  
Vol 80 (1) ◽  
pp. 30-39 ◽  
Author(s):  
T. H. Bondaruk ◽  
O. S. Bondaruk ◽  
N. Yu. Melnychuk
Keyword(s):  
Public Debt ◽  
Debt Management ◽  
Public Budget ◽  
Sharp Drop ◽  
The Public ◽  
Debt Burden ◽  
Debt Dynamics ◽  
External Sources ◽  
Public Debt Management ◽  
Made In

the public debt is deepened, the visions of the public debt as a phenomenon burdening the national economy, found in various schools of economics, are reviewed. It is demonstrated that the high internal and external dept in parallel with the respectively growing expenditure for its service is a pressing problem for Ukraine, calling for an urgent solution. This raises the need for seeking ways to improve the public debt management mechanisms. The article’s objective is to deepen the theoretical and methodological framework for assessment of the public debt in Ukraine and the budget expenditures for its service. It is demonstrated that the public debt in Ukraine results from the public budget deficit, high sovereign borrowing from internal and external sources. The econometric assessment of the time series on budget expenditures for debt service and repayment in Ukraine is given. The analysis of the public debt dynamics in Ukraine shows that not only the increasing volume of public debt and State-guarantee debt, but also the increasing budget expenditures on its service and repayment are dangerous. The high deficit of public budget is persisting, which growth is caused, inter alia, by the payment commitments. The expenditures on service and repayment of public debt constitute a large share in the public budget expenditures. Forecasting calculations made in the article demonstrate the upward tendency in the public budget expenditures on repayment and service of the public debt of Ukraine, thus signaling the growing threats to the budget security of Ukraine. The main factors for the rapidly increased debt burden in Ukraine over the latest years are identified: the considerable devaluation of domestic currency (Hryvnya), sharp drop in GDP, the shrinking internal consumer demand, etc.    It is demonstrated that the risk of the increasing payments for service of public debt is an essential and chronic factor generating problems in public finances and affecting the budget security of Ukraine.  

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