Debt Sustainability in Low-Income Countries ePub (Adobe DRM) download by Yasemin Bal-Gunduz

Debt Sustainability in Low-Income Countries

INTERNATIONAL MONETARY FUND
Publication date: May 2017
ISBN: 9781475599770
Digital Book format: ePub (Adobe DRM)

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This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies. The most prominent factors in raising the risk of debt distress are the weak protection of private property rights, adverse shocks to real non-oil commodity prices, and a high debt burden. Results also suggest that weak economic institutions tend to raise the probability of debt distress through persistently weak economic policies and high vulnerability to external shocks. The model enables a more granular analysis of debt sustainability in LICs and has a higher predictive power compared to the earlier scant literature.
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Debt Sustainability in Low-Income Countries ePub (Adobe DRM) download by Yasemin Bal-Gunduz
INTERNATIONAL MONETARY FUND, May 2017
ISBN: 9781475599770
EAN:  9781475599770
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
Debt Sustainability in Low-Income Countries PDF (Adobe DRM) download by Yasemin Bal-Gunduz
INTERNATIONAL MONETARY FUND, May 2017
ISBN: 9781475599817
EAN:  9781475599817
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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