A comparative‐advantage approach to government debt maturity

R Greenwood, SG Hanson, JC Stein - The Journal of Finance, 2015 - Wiley Online Library
We study optimal government debt maturity in a model where investors derive monetary
services from holding riskless short‐term securities. In a setting where the government is the …

Institutional arrangements and debt financing

S Zhang - Research in International Business and Finance, 2016 - Elsevier
I find that institutional arrangements have an impact on the real economy by affecting firms'
choice between private and public debt and the subsequent financing costs. Using new debt …

[PDF][PDF] Fiscal seigniorage “Laffer curve effect” on central bank autonomy in India

L Chakraborty - National Institute of Public Finance and Policy New …, 2015 - nipfp.org.in
It is often emphasised that seigniorage financing of public sector deficits is technically a “free
lunch” if the economy has not attained the full employment levels. However, conservative …

Taxes, investment, and capital structure: A study of US firms in the early 1900s

L Bargeron, DJ Denis, K Lehn - Available at SSRN 2408490, 2014 - papers.ssrn.com
We analyze capital structure decisions of US firms during 1905-1924, a period characterized
by two shocks that provide a unique experiment for studying the primary determinants of …

[PDF][PDF] Monetary seigniorage in an emerging economy: Empirical evidences

L Chakraborty - International Journal of Economics and …, 2018 - pdfs.semanticscholar.org
It is often emphasised that monetary seigniorage financing of public sector deficits is
technically a―free lunch‖ if the economy has not attained the full employment levels …

Monetary Seigniorage in an Emerging Economy: Is there a scope for" free lunch" in financing public investment?

LS Chakraborty - 2014 - mpra.ub.uni-muenchen.de
It is often emphasised that seigniorage financing of public sector deficits is technically a “free
lunch” if the economy has not attained the full employment levels. However, conservative …

Essays in Microeconomics of Banking

V Mangla - 2013 - search.proquest.com
Chapter 1 presents the case for procyclical capital requirement policy—lower requirement
during booms and higher requirement during recessions. Our argument is based on the fact …

[引用][C] Fiscal consolidation, budget deficits and the macro economy

LS Chakraborty - (No Title), 2016 - cir.nii.ac.jp
Fiscal consolidation, budget deficits and the macro economy | CiNii Research CiNii 国立情報学
研究所 学術情報ナビゲータ[サイニィ] 詳細へ移動 検索フォームへ移動 論文・データをさがす 大学 …

[引用][C] Does Government Debt Crowd Out Corporate Debt?