Restoring Debt Sustainability After Crises : Implications for the Fiscal Mix

Implications for the Fiscal Mix

Restoring Debt Sustainability After Crises : Implications for the Fiscal Mix
This paper analyzes the experience of 99 advanced and developing economies in restoring fiscal sustainability during 1980 - 2008 after banking crises, which led to large accumulation of public debt. It finds that successful debt reductions have relied chiefly on generation of large primary surpluses in post-crisis years through current expenditure READ MORE...

Publication date: October 2010
ISBN 9781455209323
$18.00

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