Comments on: When is Government-Issued Debt Safe? If You Think This is Only True When Debt is Below Some Threshold You May be Dead Wrong http://www.mecpoc.org/2010/02/when-is-government-issued-debt-safe-if-you-think-this-is-only-true-when-debt-is-below-some-threshold-you-may-be-dead-wrong/ A forum for alternative views in economics Mon, 28 Jun 2010 12:56:43 +0200 http://wordpress.org/?v=2.9.2 hourly 1 By: warren mosler http://www.mecpoc.org/2010/02/when-is-government-issued-debt-safe-if-you-think-this-is-only-true-when-debt-is-below-some-threshold-you-may-be-dead-wrong/comment-page-1/#comment-1074 warren mosler Tue, 23 Mar 2010 16:13:51 +0000 http://www.mecpoc.org/?p=531#comment-1074 The Russian default was a typical fixed exchange rate blowup. The ruble was fixed at 6.45 to the dollar and when they ran out of dollar reserves defending that level they turned off the computer and vacated their offices. The Russian default was a typical fixed exchange rate blowup.

The ruble was fixed at 6.45 to the dollar and when they ran out of dollar reserves defending that level they turned off the computer and vacated their offices.

]]> By: Jonathan Stanford http://www.mecpoc.org/2010/02/when-is-government-issued-debt-safe-if-you-think-this-is-only-true-when-debt-is-below-some-threshold-you-may-be-dead-wrong/comment-page-1/#comment-902 Jonathan Stanford Thu, 25 Feb 2010 10:11:00 +0000 http://www.mecpoc.org/?p=531#comment-902 Was the foreign USD debt burden enough to bring Russia to insolvency during the 1998 crisis? Because they devalued the RUB but also defaulted on RUB denominated debt. Was the foreign USD debt burden enough to bring Russia to insolvency during the 1998 crisis? Because they devalued the RUB but also defaulted on RUB denominated debt.

]]> By: Jonathan Stanford http://www.mecpoc.org/2010/02/when-is-government-issued-debt-safe-if-you-think-this-is-only-true-when-debt-is-below-some-threshold-you-may-be-dead-wrong/comment-page-1/#comment-901 Jonathan Stanford Thu, 25 Feb 2010 10:06:20 +0000 http://www.mecpoc.org/?p=531#comment-901 Where di insolvency stem from in Russia in 1998 then? They devalued the RUB and defaulted on RUB denominated debt. Was the USD denominated debt burden enough to sink even the domestic? Where di insolvency stem from in Russia in 1998 then? They devalued the RUB and defaulted on RUB denominated debt. Was the USD denominated debt burden enough to sink even the domestic?

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