Debt Limits and the Structure of Public Debt

Debt Limits and the Structure of Public Debt
This paper provides a tractable framework to assess how the structure of debt instruments—specifically by currency denomination and indexation to GDP—can raise the debt limit of a sovereign. By calibrating the model to different country fundamentals, it is clear that there is no one-size-fits-all approach to optimal instrument design. For... READ MORE...

Publication date: May 2017
ISBN 9781484300657
$18.00

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