When Orange County, California, filed for Chapter 9 protection on December 6, 1994, it became the largest municipality in United States history to declare bankruptcy. In the first comprehensive analysis of this momentous fiscal crisis, Mark Baldassare uncovers the many twists an…
When Orange County, California, filed for Chapter 9 protection in 1994, it became the largest municipality in US history to declare bankruptcy. This analysis of the fiscal crisis uncovers the many twists and turns from the dark days in December 1994 to the financial recovery of …
The author explores the connection between public debt and democracy beginning in Biblical times through the present looking at why governments borrow, why did bond markets develop, and why only in Europe?
The author explores the connection between public debt and democracy beginning in Biblical times through the present looking at why governments borrow, why did bond markets develop, and why only in Europe?
Annotation
Luis Carlos Jemio analyses the macroeconomic events that took place in Bolivia between 1970 and 1995. In that time, the Bolivian economy moved from severe indebtedness and profound economic crisis to a period of economic stability and structural reform. He emphasizes the varying…
"In order to understand macroeconomic adjustment processes in a segmented economy, like that of Bolivia, Luis Carlos Jemio puts forward an alternative, more disaggregated analytical framework. Only by understanding individual sectoral accumulation behaviour can we reach a proper…
"In-depth look at economic cycles and the rise and fall of political superpowers The United States has a problem - a big problem. Due to costs associated with the massive bailout of financial institutions deemed "too big to fail," on-going armed conflicts, and a move towards soc…
"The United States has a problem - a big problem. Due to costs associated with the massive bailout of financial institutions deemed "too big to fail," on-going armed conflicts, and a move towards socialism, another even bigger bubble is about to burst - the debt bubble. The Grea…
