Lost and Found

Market Access and Public Debt Dynamics

Lost and Found
The empirical literature on sovereign debt crises identifies the level of public debt (measured as a share of GDP) as a key variable to predict debt defaults and to determine sovereign market access. This evidence has led to the widespread use of (country-specific) debt thresholds to assess debt sustainability. We argue that the level of the... READ MORE...

Publication date: December 2016
ISBN 9781475563207
$18.00

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Publication date: December 2016

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