La dette publique comme moteur de développement financier
Abstract[eng] Public debt as a financial development device. . This article develops the idea that public debt can be favorable for growth because it triggers the development of a financial infrastructure. This idea is illustrated by a model and an analysis of Great Britain's experience at the end of the seventeenth century. [fre] La dette publique comme moteur du développement financier. . Cet article développe l'argument que la dette publique peut être favorable à rétablissement d'une infrastructure financière. L'argument est illustré à l'aide d'un modèle théorique et de l'expérience historique de la Grande-Bretagne à la fin du XVIIe siècle.
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Bibliographic InfoArticle provided by Programme National Persée in its journal Revue économique.
Volume (Year): 45 (1994)
Issue (Month): 3 ()
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Other versions of this item:
- Gilles Saint-Paul, 1994. "La dette publique comme moteur de développement financier," Revue économique, Presses de Sciences-Po, vol. 0(3), pages 767-774.
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- Raffinot, Marc, 1998. "Soutenabilité de la dette extérieure. De la théorie aux modèles d'évaluation pour les pays à faible revenu," Economics Papers from University Paris Dauphine 123456789/5148, Paris Dauphine University.
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