How Long to Read Sovereign Debt Composition in Advanced Economies

How Long Does it Take to Read Sovereign Debt Composition in Advanced Economies?

It takes the average reader and 42 minutes to read Sovereign Debt Composition in Advanced Economies by S. M. Ali Abbas

Assuming a reading speed of 250 words per minute. Learn more

Description

We examine how the composition of public debt, broken down by currency, maturity, holder profile and marketability, has responded to major debt accumulation and consolidation episodes during 1900-2011. Covering thirteen advanced economies, we focus on debt structure shifts that occurred around the two World Wars and global economic downturns, and the subsequent debt consolidations. Notwithstanding data gaps, we are able to recover some broad common patterns. Episodes of large debt accumulation—essentially, large increases in debt supply— were typically absorbed by increases in short-term, foreign currency-denominated, and banking-system-held debt. However, this pattern did not hold during the debt build-ups starting in the 1980s and 1990s, which were compositionally skewed toward long-term local-currency debt. We attribute this change to higher structural demand for sovereign paper, linked to capital account liberalization in advanced economies, the emergence of a large contractual saving sector, and innovative sovereign debt products. With regard to debt consolidations, we find support for the financial repression-cum-inflation channel for post World War II debt reductions. However, the scope for a repeat of this strategy appears limited unless financial liberalization and globalization were materially rolled back or the current globally agreed monetary policy regime built around price stability abandoned. Neither are significant favorable structural demand shifts, as witnessed in the 1980s and 1990s, likely.

How long is Sovereign Debt Composition in Advanced Economies?

Sovereign Debt Composition in Advanced Economies by S. M. Ali Abbas is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Sovereign Debt Composition in Advanced Economies Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Sovereign Debt Composition in Advanced Economies aloud.

What Reading Level is Sovereign Debt Composition in Advanced Economies?

Sovereign Debt Composition in Advanced Economies is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Sovereign Debt Composition in Advanced Economies?

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