[PDF] Top 20 Public Debt Dynamics: The Case of Romania

... The public debt is at the centre of current crisis of the Peripheral European ...Presently, the public debt to GDP ratio in Romania reached its ... See full document

... Although the sustainability of public finances and implicitly of public debt has been an issue extensively debated for over a century, they currently remain vague ...terms ... See full document

... that the strong imposition of rules all over the Eurozone is important, because the actions of one country affect the ...from the EU. Secondly, high public ... See full document

... in the aforementioned studies is the underlying assumption that economic time series possess symmetric ...study the e¤ect of di¤erent …scal regimes on long-run sustainability of ... See full document

... part of the active population of North-West Region was employed in public enterprises and an increase of unemployment in the counties of Salaj, Satu Mare and Maramures ... See full document

... that the equation unfolds into two specifications, considering the prevailing regime in quarter ...transitions of states as an intrinsic property, it is able to capture more complex dynamic ... See full document

... crisis of 2008 constituted an asymmetrical external shock of tremendous proportions that gravely affected the ...In the face of a deep recession, the coordinated introduction ... See full document

... in the current Romanian ...that the same legal entity to have two personalities, one of public law and another of private law, determined by different tasks they perform, and by ... See full document

... at the demand side of the market, how much debt does the government ...Now, the focus is on the other equilibrium conditions. When solving the problem of ... See full document

... after the Mexican default we are once again back to where we started. The financial markets continue to be paralyzed for the majority of less developed countries ...forces. The banks ... See full document

... on the available resources, the structure of public expenditure and makes government unable to pursue broader social and economic ...between the state and private sector, which will ... See full document

... However, the case that most interests us, and for which this article attempts to make a contribution, is that of increases in productive government ...This case is illustrated in Figure ... See full document

... possible), the most frequent being the budget balance rule (974 cases), followed by debt rule (772 occurrences), expenditure rule (399), the least frequent being the revenue rule ... See full document

...  the cash flow statement provides information regarding the academic education institution cash-flow achieved from the operational, investing and financing activities; if in the first ... See full document

... analyze the model proposed by Goldfajn (2000) to study the choice of the denomination of the public ...debt. The main purpose of the analysis ... See full document

... strategy of Public Debt Management, both in terms of funding costs and risk that accompany it (currency risk, refinancing risk or the liquidity risk) and maintaining the primary ... See full document

... account. The common IV estimators, as well as the GMM model present limitations not only in the kind of information they provide, but also in their ...application. The coefficients ... See full document

... 2008, the budgetary politics was expansionist, pro cyclic and led to the accumulation of some significant macro economical lacks of balance manifested by budgetary deficits and of ... See full document

... Givee the ieteesive fieaecial support provided for these coestructs, the array of respoesibilities ieclude the developmeet of local strategies, the establishmeet of ... See full document

... This side makes a point for nominal debt, if government expenditures are positively correlated with the rate of inflation; and/or a point for foreign-currency indexed debt, i[r] ... See full document