000			03342cam a22004578i 4500
001			22000797
003			DE-4047
005			20230208141927.0
008			210420s2021 nyu b 001 0 eng
010			_a 2021017328
020			_a9780197577899 _q(hardback)
020			_z9780197577912 _q(epub)
020			_z9780197577929
040			_aDLC _beng _erda _cDLC
042			_apcc
050	0	0	_aHJ8015 _b.E37 2021
082	0	0	_a336.3/433 _223
100	1		_aEichengreen, Barry J., _eauthor. _9119
245	1	0	_aIn defense of public debt / _cBarry Eichengreen, Asmaa El-Ganainy, Rui Pedro Esteves and Kris James Mitchener.
263			_a2109
264		1	_aNew York, NY : _bOxford University Press, _c[2021]
300			_apages cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references and index.
505	0		_aDebt in service of the state -- States and the limits of borrowing -- Democratization and globalization -- Caveat emptor -- Managing problem debts -- Successful consolidation -- Warfare to welfare -- Cycles of debt -- Oil and water -- Missed opportunities -- Debt to the rescue -- COVID-19.
520			_a"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. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defence of Public Debt redresses the balance. It develops its arguments historically, recounting two millennia of public debt experience. It deploys a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully brought down. Finally, it brings the story up to date, describing the role of public debt in managing the Covid-19 pandemic and suggesting a way forward once governments, now more heavily indebted than before, finally emerge from the crisis"-- _cProvided by publisher.
650		0	_aDebts, Public _9133
653			_aDistinguished Visitor
653			_aClass of Fall 2016
653			_aClass of Fall 2022
653			_aKurt Viermetz Distinguished Visitor
700	1		_aEl-Ganainy, Asmaa _eauthor. _9134
700	1		_aEsteves, Rui _eauthor. _9135
700	1		_aMitchener, Kris James _eauthor. _9136
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cNC
999			_c325 _d325
003			DE-4047