The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2006/01/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS3821
-
1
-
1
-
2010/07/01
-
Disclosed
-
Assessing debt sustainability in emerging market economies using stochastic simulation methods
-
risk premium
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)