for Kindle Fire, Apple, Android, Nook, Kobo, PC, Mac, BlackBerry ...

New to eBooks.com?

Learn more

Budget Deficits and Economic Activity in Asia

Budget Deficits and Economic Activity in Asia by Kanhaya Gupta
Add to cart
US$ 210.00
The growth and persistence of government budget deficits is causing increasing concern in both developed and developing countries. They have provoked extreme responses: some economists hold that they have devasting effects, others that they have no real impact at all.
Budget Deficits and Economic Activity in Asia examines both of these claims in the context of the Asian economies. After testing for the feasibility of the current levels of budget deficits and therefore of the current fiscal policies, the author turns to a quantification of the effects on money supply, inflation, aggregate demand and interest rates. The findings for the ten countries studied are far from uniform, but neither of the extreme positions is vindicated. Budget deficits are monetized to a considerable extent, thus impairing or at least reducing the ability of the monetary authority to pursue an independent monetary policy.
The widespread view that budget deficits are inflationary because they increase the money supply receives only partial support. The apparent effects on interest rates appear to be positive and as the processes of fiscal deregulation accelerate, interest rates seem set to become even more sensitive to the behaviour of budget deficits.
Countries covered include India, South Korea, Thailand and Taiwan.
Taylor and Francis; July 2006
196 pages; ISBN 9781134936502
Read online, or download in secure PDF format
Title: Budget Deficits and Economic Activity in Asia
Author: Kanhaya Gupta
 
Buy, download and read Budget Deficits and Economic Activity in Asia (eBook) by Kanhaya Gupta today!
ISBNs
0203026160
9780203026168
9780415055406
9781134936496
9781134936502