TITLE

A Debt-Fueled Spending Binge

AUTHOR(S)
Investor's Business Daily
PUB. DATE
March 2014
SOURCE
Investors Business Daily;3/11/2014, pA12
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
The article focuses on a study which reveals that governments from several countries have increased their debts by more than 40% to over $100 trillion in response to the global financial crisis. It notes that the world included $30 trillion in government debt to its balance sheets as reported by the Bank for International Settlements. Several economic indicators such as gross domestic product are mentioned.
ACCESSION #
94875889

 

Related Articles

  • MICHAEL WOODFORD. Woodford, Michael // Treasurer;Mar2014, p66 

    The article focuses on bringing Japan to be as economic power. Japan is the most indebted developed nation with its gross public debt surpassing over 220% of gross domestic product (GDP) in 2013. Japan needs change of mindset to facilitate takeovers to allowg international participation to bring...

  • THE POLITICAL ECONOMY OF DELAYING FISCAL CONSOLIDATION. Cournède, Boris // OECD Papers;2007, Vol. 7 Issue 3, p1 

    The article focuses on political economy considerations, as one of the obstacles to fiscal consolidation. It notes that in initiating a consolidation effort in the presence of cyclical slack poses the risk of triggering a recession through negative effects because a credible shift towards a...

  • Centennial Repeat of History: Testing the Veracity of Reinhart and Rogoff Model. Horan, Peg; Ononiwu, Ifeanyi Timothy // Review of Business;Fall2010, Vol. 31 Issue 1, p98 

    Financial crisis seems to be an intrinsic part of an economic cycle and system. When one occurs, it cuts deeply into the gains previously secured. If anticipated, perhaps proper protective measures could be taken to soften the impact. Reinhart and Rogoff (2008) have developed a Five Element...

  • Contagion of Sovereign Debt in the Eurozone. Ayala, Astrid; Blazsek, Szabolcs // World Journal of Neuroscience;Feb2014, Vol. 4 Issue 1, p98 

    This study reports contagion and interdependence of quarterly debt to gross domestic product (GDP) among the member states of the Eurozone over the period 2000 Q4 to 2012 Q1. We test for contagion and interdependence in two steps. First, we define an indicator variable of increasing debt to GDP...

  • GREECE DEBT CRISIS: CAUSES, IMPLICATIONS AND POLICY OPTIONS. Rady, Dina Abdel Moneim // Academy of Accounting & Financial Studies Journal;Sep2012 Supplement, Vol. 16, p87 

    Following the global financial meltdown of 2007-2008, Greece accumulated massive deficits and public debt levels; by 2010, a sovereign debt crisis was pronounced in Greece. The Greek government operated at a deficit of 10.4% of GDP in 2010, and in spite of a number of euro rescue deals agreed...

  • Public Debt Reduction in Advanced Countries and Its Impact on Emerging Countries. Farmer, Karl; Schelnast, Matthias // International Advances in Economic Research;May2013, Vol. 19 Issue 2, p167 

    Financial crises accompanied by banking crises often entail heavy fiscal legacies. For the U.S., for example, the gross government debt to GDP ratio exceeded 100 % in 2012. Due to the unsustainability of public debt, both in the U.S. and in other advanced countries, moves towards a substantial...

  • Parón del crecimiento.  // Estrategia Financiera;2011, Vol. 26 Issue 289, p79 

    No abstract available.

  • ECONOMY.  // Germany Country Profile;2007, p11 

    The article offers information related to economic development in Germany. The country is the world's third largest economy in terms of gross domestic product (GDP), behind US and Japan. It is one the top exporters and major trading partners including France, the US and Great Britain. The high...

  • Italy faces further pressure: possible downgrade.  // Asset Securitization Report;7/4/2005, Vol. 5 Issue 26, p19 

    This article focuses on the fiscal problems being faced by the Republic of Italy. After the country revised GDP forecasts that breached the fiscal deficit cap imposed by the European Commission, Italy now faces the repercussions from a downward ratings action. Fitch Ratings last week changed its...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics