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The Sustainability of Asia’s Debt

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Release : 2022-02-22
Genre : Business & Economics
Kind : eBook
Book Rating : 722/5 ( reviews)

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Book Synopsis The Sustainability of Asia’s Debt by : Ferrarini, Benno

Download or read book The Sustainability of Asia’s Debt written by Ferrarini, Benno. This book was released on 2022-02-22. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a [CC BY 3.0 IGO] License. It is free to read, download and share on Elgaronline.com. Asia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers’ in the early 70s, to the more recent takeoffs of the People’s Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.

Debt Sustainability in Asia

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Release : 2022-02-28
Genre :
Kind : eBook
Book Rating : 710/5 ( reviews)

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Book Synopsis Debt Sustainability in Asia by : Benno Ferrarini

Download or read book Debt Sustainability in Asia written by Benno Ferrarini. This book was released on 2022-02-28. Available in PDF, EPUB and Kindle. Book excerpt: This thought-provoking book investigates the anatomy and dynamics of debt accumulation in Asia, both before and after the Covid-19 pandemic. Well-renowned contributors provide an in-depth review of the debt accumulated by both public and private sectors and examine how sustainable this is now and will be in the future.

Public Debt Sustainability in Developing Asia

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Release : 2012-11-12
Genre : Business & Economics
Kind : eBook
Book Rating : 90X/5 ( reviews)

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Book Synopsis Public Debt Sustainability in Developing Asia by : Benno Ferrarini

Download or read book Public Debt Sustainability in Developing Asia written by Benno Ferrarini. This book was released on 2012-11-12. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the Global Financial Crisis required fiscal intervention on a substantial scale by governments around the world. The consequent build up of public debt, in particular its sustainability, have moved centre stage in the policy debate. If the Asia Pacific region is to continue to serve as an engine for global growth its public debt must be sustainable. The book addresses this issue for Asia Pacific as a whole as well as for three of the most dynamic economies in the region: China, India and Vietnam. The book begins with a discussion of the reasons why there is increased attention on debt related issues and outline the contents of the volume. The book also includes fiscal indicators for Developing Member Countries (DMCs) as categorized by the Asian Development Bank (ADB). Debt sustainability for these countries is assessed through extant approaches and with the most updated data sources. It also surveys the extant literature on debt sustainability, outlining the main issues related to debt sustainability and discusses the key implications for the application of debt sustainability analysis in developing Asia. The book highlights the importance of doing individual country studies in view of wide variations in definitions of public expenditure, revenues, contingent liabilities, government structures (e.g. federal), and the like as well as in the impact of debt on interest rates. It provides in-depth debt sustainability analyses of China, India and Vietnam. The book is a comprehensive analytical and empirical update of the sustainability public debt in developing Asia. It breakes new ground in that various characteristics of the sustainability that have not yet been explored in the literature which, nevertheless, are crucial to understanding it. As a consequence, the policy analysis is based on firmer footings than in the extant literature and should prove useful to graduate students, researchers as well as policymakers.

Public Debt Sustainability in Developing Asia

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Release : 2015
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Public Debt Sustainability in Developing Asia by : Benno Ferrarini

Download or read book Public Debt Sustainability in Developing Asia written by Benno Ferrarini. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt:

Economic and Social Survey of Asia and the Pacific 2023

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Release : 2023
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Kind : eBook
Book Rating : 560/5 ( reviews)

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Book Synopsis Economic and Social Survey of Asia and the Pacific 2023 by : United Nations Economic and Social Commission for Asia and the Pacific

Download or read book Economic and Social Survey of Asia and the Pacific 2023 written by United Nations Economic and Social Commission for Asia and the Pacific. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: One of the main value additions of the Survey 2023 is a proposal for an augmented Debt Sustainability Analysis (DSA) approach that duly incorporates SDG investment needs, potential socioeconomic and environmental gains, government's structural policies that go beyond financial considerations, and government's resource mobilization strategies and financial capacity. The Survey 2023 also provides new insights on how to prevent potential public debt crises and resolve public debt distress in order to effectively pursue the SDGs. For example, in prevention of public debt crisis, governments will need to explore unconventional policy measures such as leveraging the potential of non-tax policy measures and public assets. In resolving public debt distress governments might need to bring the rising number of commercial debt creditors into discussions with the existing institutional investors, while fundamental policy actions to enhance fiscal resources are still needed, governments will also need to explore unconventional policy measures, such as leveraging the potential of non-tax policy measures and public assets amid rising public indebtedness. In resolving public debt distress, while the emergence of commercial creditors brings new opportunities as many of them are increasingly mindful about the importance of sustainable development, their participation in the existing global debt architecture is virtually missing. At the same time, several unconventional, SDG-aligned debt relief modalities have recently been proposed. Amid these and other changes in the global and Asia-Pacific debt landscapes and rising public indebtedness in the region, it is time to rethink public debt issues in support of the SDGs.

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