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Debt Limits (debt + limit)
Selected AbstractsState Debt Limits: How Many Are Enough?PUBLIC BUDGETING AND FINANCE, Issue 4 2006DWIGHT V. DENISON There is a growing concern among state policy makers that unrestrained debt may exceed politically acceptable or financially sustainable levels of debt. Many states have established limits to restrict debt, but many of these limits are circumvented through issuing more complex and specialized bonds. In this article, we focus on the use of debt limits as an instrument to manage a state's debt in context of two key questions: (1) under what circumstances should a state consider multiple debt limits and (2) if multiple limits are established, what factors should be considered in setting such multiple limits. In addressing these issues, we consider the theoretical and conceptual issues associated with setting debt limits, we highlight current state debt limit policies, and discuss factors that appear to be influencing decisions to establish and set multiple limits. [source] Wer soll für die Schulden im Bundesstaat haften?PERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 1 2009Eine vernachlässigte Frage der Föderalismusreform II A commission eager to impose stricter debt limits on state budgets encountered opposition by the Länder. This article proposes the strengthening of the Länder liability for their respective debt in order to disentangle interdependencies between state layers. A recent Federal Constitutional Court ruling is analyzed which sharply reduced bailout expectations of Länder and hence allows for the evolution of new institutions such as public bonds with collective action clauses as intermediate institutions towards strict bankruptcy procedures. [source] State Debt Limits: How Many Are Enough?PUBLIC BUDGETING AND FINANCE, Issue 4 2006DWIGHT V. DENISON There is a growing concern among state policy makers that unrestrained debt may exceed politically acceptable or financially sustainable levels of debt. Many states have established limits to restrict debt, but many of these limits are circumvented through issuing more complex and specialized bonds. In this article, we focus on the use of debt limits as an instrument to manage a state's debt in context of two key questions: (1) under what circumstances should a state consider multiple debt limits and (2) if multiple limits are established, what factors should be considered in setting such multiple limits. In addressing these issues, we consider the theoretical and conceptual issues associated with setting debt limits, we highlight current state debt limit policies, and discuss factors that appear to be influencing decisions to establish and set multiple limits. [source] | ||||||||||