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As for foreign orders, they are paid on delivery with no existence of debts as in domestic orders.
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For example, Mr Bernanke co-wrote a well-known model in 1999 where the existence of debt makes downturns deeper and longer.
While an improvement over what had existed before, the model fails to explain why most recessions do not go hand-in-hand with severe crises; the "frictions" and "accelerators" produced by the existence of debt are always proportional to the size of the "shocks" endured by the real economy.
According to Mooij (2011), although the existence of debt in the capital structure did not cause the financial crisis, excessive leverage makes firms more vulnerable to economic shocks and therefore debt bias might have contributed to the extent of the crisis.
Our results suggest that marginal tax rates affect the debt policies of Spanish listed companies, and the existence of non-debt tax shields constitutes an alternative to the use of debt as a tax shelter.
Furthermore, the existence of non-debt tax shields constitutes an alternative to the use of debt as a tax shelter.
The existence of a debt ceiling questions the validity of our Republic's debts; it presupposes that Congress will continue to overdraft.
Like Lowe, in the months prior to his appointment as head of a central bank, Bernanke was denying the existence of a debt-financed housing bubble.
The existence of the debt guarantee did not prevent a gap appearing between borrowing costs for the two countries.That did nothing to help the Irish economy after independence.
But since these links are not immediately apparent, the existence of a debt may make individuals spend more on consumption and save less than they otherwise would.
Policy makers see the very existence of these debt-consolidation loans as the next issue in their battle with the subprime lending industry, which until now has been criticized largely about its high costs, prompting new state and federal laws.
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