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POLITICAL-FINANCIAL OPERATION CONTROLLED DEFAULT: DESIGN AND POSSIBLE CONSEQUENCES
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POLITICAL-FINANCIAL OPERATION CONTROLLED DEFAULT: DESIGN AND POSSIBLE CONSEQUENCES
Annotation
PII
S268667300000619-0-1
Publication type
Article
Status
Published
Authors
Vladimir Vasiliev 
ORCID: 0000-0003-3131-9500
Edition
Issue 10 (502)
Pages
61-73
Abstract
U.S. debates on debt-ceiling increases culminated in the adoption of the Budget Control Act of August 2, 2011. But minor changes in actual levels of federal spending point out to a possibility that the main goal of these debates was to test a new form of economic warfare - namely the interlinking the credit rating of the state with its sovereign debt in order to destabilize the world financial markets and strengthen the U.S. positions there. The author believes that the USA will actively use this linkage in the future as the main tool of their policy.
Keywords
U.S. CREDIT RATING, AMERICAN AND WORLD FINANCIAL ELITE, FEDERAL BUDGET DEFICIT, DEBT-CEILING, DEBT-CEILING TALKS
Date of publication
01.10.2011
Number of purchasers
1
Views
889
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0.0 (0 votes)
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