In defense of public debt / Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves and Kris James Michener.

By: Contributor(s): Material type: TextPublication details: New York, NY : Oxford University Press, [2021]Description: vii, 305 páginas : gráficasContent type:
  • Texto
Media type:
  • sin mediacion
Carrier type:
  • volumen
ISBN:
  • 9780197577899
Subject(s): DDC classification:
  • 336.34 E42i
Review: "Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical role in meeting emergencies, from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education and healthcare. In these ways, the capacity to issue debt has been integral to state building.
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Libro Bogotá - Sede Central General 336.34 E42i (Browse shelf(Opens below)) 1 Available 141591

Incluye índice.

Bibliografía : p. 267-289.

"Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical role in meeting emergencies, from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education and healthcare. In these ways, the capacity to issue debt has been integral to state building.

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