Debt Sustainability in Low-Income Countries

Policies, Institutions, or Shocks?

Debt Sustainability in Low-Income Countries
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.... READ MORE...

Publication date: May 2017
ISBN 9781475599732
$18.00

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