Long-term debt sustainability analyses are usually based on nominal debt numbers. While nominal debt is an important debt indicator, the present value of debt payments [PV] is in many respects considered superior. However, there have been no PV estimates in the literature spanning long enough time periods and using consistently concurrent discount rates. This paper is intended to fill this gap: it develops a methodology for historical PV computations...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2005/01/11
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Рабочие документы
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36153
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1
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1
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2011/12/06
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Disclosed
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Historical PV of debt in developing countries, 1980-2002
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discount rate