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- W2995627424 abstract "Comparisons of public debt across countries and across time are hindered by the significant heterogeneity in definition and coverage. Public debt in France in 1830 bears very little resemblance to that of Brazil in 2016. This chapter will consider what constitutes a debt contract and onion-like layers of the sovereign entity: the central government, local government, central bank, state-owned enterprises, etc. The chapter uses this taxonomy to show the varied landscape of debt today, in particular: who are the major creditors and debtors; what are the main financing instruments (bonds, loans, swap, etc.); and what are the terms of the bond (currency, maturity, cost). This chapter will act as a reference guide to all those who work on debt issues on a regular basis." @default.
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- W2995627424 date "2019-10-17" @default.
- W2995627424 modified "2023-09-26" @default.
- W2995627424 title "Concepts, Definitions and Composition" @default.
- W2995627424 doi "https://doi.org/10.1093/oso/9780198850823.003.0003" @default.
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