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150128 ||| eng |
| 020 |
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|a 9781451926545
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| 100 |
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|a Husain, Aasim
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| 245 |
0 |
0 |
|a Distortionary Taxation and the Debt Laffer Curve
|c Aasim Husain
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1992
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| 300 |
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|a 24 pages
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| 653 |
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|a Finance
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| 653 |
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|a Debt reduction
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Debt Management
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a Debt
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| 653 |
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|a Exports and Imports
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| 653 |
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|a International economics
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Debts, External
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Debt burden
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Tax administration and procedure
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| 653 |
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|a Capital outflows
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| 653 |
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|a Capital movements
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| 653 |
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|a Tax distortions
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| 653 |
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|a Financial Risk Management
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| 653 |
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|a Taxation
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| 653 |
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|a International Investment
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451926545.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1992/010/001.1992.issue-010-en.xml?cid=759-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper highlights the importance of the role of the domestic tax system in determining the economic consequences of an external debt overhang. A simple taxation scheme is specified and it is shown that a country can be on the “wrong side” of its debt Laffer curve only if it is on the wrong side of its tax Laffer curve. The analysis indicates that fairly strong, and probably unrealistic, assumptions about the domestic tax system are needed to argue that the investment disincentives associated with the debt overhang are large enough to place a country on the wrong side of its debt Laffer curve
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