The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads

WP/13/93

The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads
How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability – the difference between the debt stabilizing primary balance and the primary balance–in an otherwise standard spread regression model applied to a panel of 26 emerging market... READ MORE...

Publication date: May 2013
ISBN 9781484382769
$18.00

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Publication date: May 2013

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Publication date: May 2013

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