Cities in debt
نویسندگان
چکیده
منابع مشابه
Critical debt and debt dynamics
We study the debt dynamics and sustainable debt for an open economy which borrows from abroad in order to "nance consumption. To service the debt the country may exploit a renewable resource. We show that there is for every resource stock R a critical level BH(R) of debt above which debt tends to in"nity but below which it may be steered to zero. We demonstrate how to compute BH(R) using an ODE...
متن کاملOptimal Debt Service: Straight vs. Convertible Debt
In this paper, we analyze the optimal default strategy of a firm when debt is convertible into equity. For this purpose, we consider a convertible consol bond in a time-independent model in the presence of bankruptcy costs and tax deductability. The optimal default and conversion strategy result from a game between equity and debt holders. We show that an optimal default of convertible debt occ...
متن کاملDebt-Prone Bugs: Technical Debt in Software Maintenance
Fixing bugs is an important phase in software development and maintenance. In practice, the process of bug fixing may conflict with the release schedule. Such confliction leads to a trade-off between software quality and release schedule, which is known as the technical debt metaphor. In this article, we propose the concept of debt-prone bugs to model the technical debt in software maintenance....
متن کاملBuybacks of Domestic Debt in Public Debt Management
In the model a ...scal stabilisation is announced under asymmetry of information between the government and the private investors. The government could be of two types: a dry type and a wet type, according to the amount of spending cuts it decides to make. Private investors may thus lack con...dence in the stabilisation program and interest rates would be too high, re‡ecting this lack of credib...
متن کاملDebt and Debt Management among Older Adults
Of particular interest in the present economic environment is whether access to credit is changing peoples’ indebtedness over time, particularly as they approach retirement. This project analyzes older individuals’ debt, debt management practices, and financial fragility using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, we ex...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Environment and Planning B: Urban Analytics and City Science
سال: 2019
ISSN: 2399-8083,2399-8091
DOI: 10.1177/2399808319829915