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The American Debt Crisis And The Effect On World Capital Markets, Phillip Imel
The American Debt Crisis And The Effect On World Capital Markets, Phillip Imel
Faculty Publications and Presentations
This is a research of the literature concerning American sovereign debt and possible effects on world capital markets. The American sovereign debt components were analyzed in the context of their present and future implications to worldwide capital markets. The American political situation was examined with possible outcomes of governmental service reduction and/or tax increases for debt reduction. The American political situation was also examined for possible outcomes of American business tax regulatory reforms that could entice businesses to inject capital into the economy spurring possible economic growth and capital formation. Together, these findings suggest that, in the short term, the …