Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt
    Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt
    Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt
    Ebook55 pages27 minutes

    Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt

    By IRB Media

    ()

    Read preview

    About this ebook

    Get the Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debtsabout the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness.

    Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergenciesfrom 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 and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth.

    LanguageEnglish
    PublisherIRB Media
    Release dateDec 3, 2021
    ISBN9781669340843
    Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

    Read more from Irb Media

    Related to Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Risky Business

      Dec 23, 2020

      Risky Business
      2 min read

    • Article

      Financial Crime Keeps Us All Poor

      Mar 1, 2022

      Financial Crime Keeps Us All Poor
      8 min read

    • Article

      Who’s The Thief?

      Feb 20, 2020

      Who’s The Thief?
      6 min read

    • Article

      Is The IMF Fit For Purpose?

      Nov 11, 2022

      Is The IMF Fit For Purpose?
      15 min read

    • Article

      As China's Property Crisis Grows, Can Nationalisation Help Rebalance Its Economy?

      Sep 4, 2022

      The collapse of the decade-long property boom in China - triggered by a government crackdown on overleveraged property developers in early 2021 - has led to a series of defaults by a number of the country's major developers. More worryingly, the cris

      4 min read

    • Article

      Municipal Master

      Dec 18, 2019

      Municipal Master
      3 min read

    • Article

      In A Nutshell

      Sep 1, 2022

      WHAT WAS THE SOUTH SEA BUBBLE? The South Sea Bubble was a period of speculation frenzy and collapse on the British stock market, revolving around the fate of a single company. For years, the South Sea Company had been at the centre of a complex and t

      4 min read

    • Article

      Poor Countries Should Get Debt Relief To Match Germany’s Postwar Deal

      Mar 3, 2023

      Seventy years ago this week, the London Debt Agreement saw half of Germany’s (then West Germany’s) borrowings, accumulated after two world wars, written off. The debt cancellation, worth more than a fifth of national GDP, was driven by the United Sta

      2 min read

    • Article

      Third World Nations Need Emancipatory Alternatives To The IMF

      Apr 23, 2023

      As the Spring Meetings of the International Monetary Fund (IMF) and the World Bank began on April 10, questions emerged as to whether progress would finally be made to address the severe debt crisis that has engulfed large parts of the global south.

      5 min read

    • Article

      Third World Nations Need Emancipatory Alternatives To The IMF

      Apr 23, 2023

      As the Spring Meetings of the International Monetary Fund (IMF) and the World Bank began on April 10, questions emerged as to whether progress would finally be made to address the severe debt crisis that has engulfed large parts of the global south.

      5 min read

    • Article

      Third World Nations Need Emancipatory Alternatives To The IMF

      Apr 23, 2023

      As the Spring Meetings of the International Monetary Fund (IMF) and the World Bank began on April 10, questions emerged as to whether progress would finally be made to address the severe debt crisis that has engulfed large parts of the global south.

      5 min read

    • Article

      How China's Hubris Led To A Double Debt Crisis, Despite The Benefits Of Forging Its Own Path

      Aug 14, 2022

      In his 2015 memoir, Dealing with China, the former US Treasury Secretary Hank Paulson recalled an admonition from China's Vice-President Wang Qishan during the global financial crisis: "You were my teacher, but look at your financial system, Hank. We

      6 min read

    • Article

      Congress Didn’t Always Fight Over The Debt Ceiling

      Mar 13, 2018

      When the federal government ran up debt between 1776 and 1939, mainly to fund wars, Congress moved swiftly afterwards to repay the loans, a new paper shows. As a result of the costs of the War of 1812, the debt limit rose to roughly $190 million by 1

      3 min read

    • Article

      The Truth Fills The Streets

      Feb 11, 2020

      As parents of children who have emigrated, like most citizens, we have gone down to Martyrs’ and Riad Solh squares to see their faces in those of the younger generation currently protesting there. They have revolted and shaken the ground under the fe

      5 min read

    • Article

      The Long Goodbye

      Aug 8, 2023

      The Long Goodbye
      12 min read

    • Article

      Bank Statement

      Jun 8, 2023

      In the 1770s and 1780s, ‘economical reform’ was a potentially dangerous combination of parliamentary reform with demands for greater efficiency in public administration. In 1780, Lord North responded by setting up a Commission for Examining the Publi

      2 min read

    • Article

      Modern Insurance Began With Pricing Risk Over Coffee

      May 12, 2023

      We can trace the roots of insurance back to the 18th century BC, but the modern market is widely accepted to have started 335 years ago in Edward Lloyd’s coffee house in the City of London. Lloyd’s coffee house became a meeting point for ship captain

      1 min read

    • Article

      From The Editor...

      Jun 23, 2023

      From The Editor...
      2 min read

    • Article

      A Domino of Negative Consequences

      Nov 26, 2021

      A Domino of Negative Consequences
      10 min read

    • Article

      The Dangers Of Printing Money

      Oct 30, 2020

      modern monetary theory, or MMT as it is often called, is a new term for an old idea. Its proponents argue that a state, which issues fiat money does not have to resort to taxation and borrowing to pay its bills. It can fund itself simply by printing

      3 min read

    • Article

      On Superficial Proposals

      Feb 11, 2020

      On Superficial Proposals
      5 min read

    • Article

      Building on Sand

      Aug 1, 2016

      Out of cash and out of options, America’s cities need a new plan—and they might need Washington to design it.

      4 min read

    • Article

      From The Editor...

      Oct 21, 2022

      From The Editor...
      2 min read

    Related categories

    Reviews for Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Summary of Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves & Kris James Mitchener's In Defense of Public Debt - IRB Media

      eebook_preview_excerpt.htmlVˎ6|e`coM LI-)1KRMI;"t#Ex}t}}oB8э=.01tc~4Έ;,t9q $OfIjH>p.2~͕_Dga~]bS>Tzߛ1q=nVׇgi|ًmf/fzٛmfo}lFKl!( -.}>/.A)MK
      Enjoying the preview?
      Page 1 of 1