Thesis (Ph. D.)--University of Chicago, Dept. of Economics, 1988. / Includes bibliographical references (leaves 196-198).

Thesis (Ph. D.)--Massachusetts Institute of Technology, 1986. / Includes bibliographical references.

Thesis (Ph. D.)--University of Pennsylvania. / Published without thesis note. Bibliography: p. 105-108.

Thesis (Ph. D.)--Ohio State University, 1987. / Includes vita. Includes bibliographical references (leaves 100-106). Available online via OhioLINK's ETD Center.

Thesis (Ph. D.)--Florida State University, 2006. / Advisor: Richard C. Feiock, Florida State University, College of Social Sciences, Dept. of Public Administration and Policy. Title and description from dissertation home page (viewed June 9, 2006). Document formatted into pages; contains xv, 150 pages. Includes bibliographical references.

This thesis is interested in the problem of debt management during the nineteen-fifties. National debt has now a days grown, especially after two world wars, to fantastic figures in many of the advanced countries. For this reason, the problem of the national debt has become an inevitable subject for discussion not only in Britain, but also in many other countries. National debt was, indeed, on incidental subject in the Britain literature. One of the prominent economists wrote, in the early years of the fifties, a little book expressing his dissatisfaction with this neglect of the problem of the debt: "its aim [the book's] is primarily to provoke discussion on the subject of the role of the national debt in our economic system, a question which has never been treated in full in any published work in this country. A quarter of a country has passed since Eargeaves wrote the only exhaustive study of the national debt, and a great deal of water has passed under the bridge since then. Even the learned journals are innocent of any full discussion of the significance and functions of the British national debt, in very sharp contrast with their opposite numbers in the united states of America." The events of the 1950's, with the activation of monetary policy, have however attracted more and more attention to the role of the national debt in the economic life of the nation. And become a lively subject for discussion. This thesis will try to discuss the significance of the British national debt form different points of view. Nevertheless, the close relationship between debt management and the monetary policy obliges us to devote the greater part of the study to the impact of debt on the monetary policy. However, For purposes of analysis, this work is divided into five parts as follows:- I- an introductory part on the structure, the growth and the ownership of the debt. II- Part two traces the impact of various types of debt on the course of monetary policy, i.e. discusses monetary policy in relation to debt management. III- Part Three tries to assess the effectiveness of this function of the debt. IV- Part four gauges the cost of monetary policy. V- The analysis is extended in part five to involve economic growth in relation to debt management. The period of the analysis covers the 1950's. "The nineteen-fifties are a particularly interesting period in the economic history of the United kingdom." This period has been, indeed, one of real growth in output. But it has been also characterized by severe inflation. To be more accurate, the analysis deals with the period beginning with the end of 1951 when monetary policy started to be applied more actively than in the preceding years. However, it may be profitable to extend the analysis to include the early years of the 1960's (i.e. 1960-62) in order to bring it, as far as possible, up to date. Lastly, this thesis is a theoretical as well as a statistical one.

The study sought to evaluate debt management policy implementation towards revenue management in government leased properties of the Eastern Cape Provincial Treasury at the Transkei Development and Reserve Fund. Secondly, the study aimed at developing a tool for assisting policy-makers and officials involved in debt management and revenue collection. In order to address the research problem, a case study involving randomly selected 27 employees from the Eastern Cape Provincial Treasury and housing ward committee members was adopted. Self-administered questionnaires and interviews were the two data collection techniques utilised. All participants were involved in the study during tea and lunch breaks at the workplace; this constituted the employees’ natural environment. Both quantitative and qualitative designs were utilised in analysing data. Descriptive statistical analysis using excel was utilised to summarise the responses, analyse the demographic profiles of participants and their responses. The results were thus presented in the form of bar charts. Responses which could not be analysed using statistics were analysed qualitatively thus the advantages inherent in the two approaches were exploited. The evidence from the study suggests that government operational employees are aware of their roles and responsibilities as they relate to debt management and debt collection policy. The development of debt management policy promotes rental collection, improve property profitability and ensure the maintenance is in place to improve attractiveness of the government properties.

This dissertation contains three essays in International Macroeconomics. The first two chapters study clustered sovereign defaults, the default events where multiple countries default in a relatively short period of time. In spite of the fact that clustering of defaults is a recurring phenomenon, there is a lack of empirical as well as quantitative research focusing on clustered defaults. Therefore, the first two chapters try to uncover the the nature of shocks and the mechanism through which these shocks lead countries to clustered defaults. The first chapter uses the data on 146 sovereign defaults from 1975 to 2014 and categorizes one-third of these defaults as clustered default episodes. It then asks if the nature of shocks that drive clustered defaults differ from those that drive idiosyncratic defaults. I find that global variables, global shocks to transitory component of output of the countries and world interest rate fluctuations, play a crucial role in predicting clustered default events: for clustered default episodes, the predicted probability of default goes up by two-and-a-half times after the inclusion of global variables as explanatory variable. Idiosyncratic defaults, on the other hand, are not influenced by the presence of global variables as explanatory variable in the specification, and the predicted probability of default remains unchanged. Motivated by the finding of the first chapter, the second chapter builds a quantitative framework to study clustered defaults. The chapter begins with a joint estimation of structural parameters that drive the output process of 24 countries and a process for the world interest rate. The postulated output process includes transitory and permanent global components, as well as transitory and permanent country-specific components. I then build a sovereign default model augmented with financial frictions at the firm level. The model and the estimation process of driving forces are validated jointly when the shocks, estimated independently of the model or of default data, are fed into the model and the model reproduces the clustered default of 1982. The two main findings of the chapter are: (1) the primary driver of clustered defaults is global shock to the transitory component of output; and (2) contrary to what is commonly believed, the Volcker interest rate hike was not a decisive factor for the 1982 developing country debt crisis. The third chapter looks at one of the key financial frictions in emerging and poor economies—the presence of credit constrained households—and the way they affect consumption-to-output volatility ratio in these countries. A higher than one ratio of consumption-to-output volatility in emerging and poor countries is at odds with the observation that emerging and poor countries are also the countries where a big fraction of consumers do not have access to financial services. This is because consumers with no access to financial services cannot smooth consumption and can only have a consumption volatility to output volatility ratio of one. Therefore, in the presence of credit constrained households, the consumption volatility to output volatility ratio in the theoretical models should move closer to one rather than going up and away from one. This chapter, therefore, incorporates credit constrained households in an augmented real business cycle (RBC) model to study their effect on economic fluctuations in a set on 75 countries.

Originally presented as the author's doctoral Thesis (Universität, St. Gallen, 2006). / Description based on print version record. Includes bibliographical references.

Thesis (Ph. D.)--University of Chicago, Dept. of History, June 2001. / Includes bibliographical references. Also available on the Internet.