Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Download or read book Tax Withholding and Estimated Tax written by and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Attempt to Shew the Justice and Expediency of Substituting an Income Or Property Tax for the Present Taxes Or a Part of Them written by Benjamin Sayer and published by . This book was released on 1833 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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Download or read book The Parliamentary Debates written by Great Britain. Parliament and published by . This book was released on 1871 with total page 1160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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Download or read book Replacing the Federal Income Tax written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1996 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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Download or read book The Parliamentary Debates from the Year 1803 to the Present Time written by and published by . This book was released on 1823 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Replacing the Federal Income Tax Impact on small business of replacing the federal income tax April 24 1996 Impact on state and local governments and tax exempt entities of replacing the federal income tax May 1 1996 written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1996 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Machinists Monthly Journal Official Organ of the International Association of Machinists written by and published by . This book was released on 1924 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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Download or read book Commerce and Finance written by and published by . This book was released on 1925 with total page 1296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
