loans provided that its debt remains within preset debt sustainability criteria established by the World Bank and the IMF …

-claim analysis of public sector debt sustainability. 3 It is well-known that hybrid securities are often issued to avoid taxation …), A Risk- Based Debt Sustainability Framework: Incorporating Balance Sheets and Uncertainty, IMF Working Paper 08/40. [16 …

Nolan (St Andrews) CDMA07/10 Optimal Sovereign Debt Write-downs Sayantan Ghosal (Warwick) and Kannika Thampanishvong (St … Andrews) CDMA07/11 Bargaining, Moral Hazard and Sovereign Debt Crisis Syantan Ghosal (Warwick) and Kannika Thampanishvong (St … and Sovereign Debt Write-downs Sayantan Ghosal (Warwick), Kannika Thampanishvong (St Andrews) CDMA07/19 Robust Learning …

Nolan (St Andrews) CDMA07/10 Optimal Sovereign Debt Write-downs Sayantan Ghosal (Warwick) and Kannika Thampanishvong (St … Andrews) CDMA07/11 Bargaining, Moral Hazard and Sovereign Debt Crisis Syantan Ghosal (Warwick) and Kannika Thampanishvong (St … and Sovereign Debt Write-downs Sayantan Ghosal (Warwick), Kannika Thampanishvong (St Andrews) CDMA07/19 Robust Learning …

requirement to improve tax collections may reduce the value of corporate equity while raising that of sovereign debt. 9 and the … quoted equities, sovereign debt and foreign currency. Since it is often argued that the banking system is the main … averaged across the sample of bonds for each country to create an index of returns on that country’s sovereign debt. Since …

Sectors Vladislav Damjanovic (St Andrews) and Charles Nolan (St Andrews) CDMA07/10 Optimal Sovereign Debt Write …-downs Sayantan Ghosal (Warwick) and Kannika Thampanishvong (St Andrews) CDMA07/11 Bargaining, Moral Hazard and Sovereign Debt … Honkapohja (Cambridge) and Kaushik Mitra (St Andrews) CDMA07/18 The Millennium Development Goals and Sovereign Debt Write …

Charles Nolan (St Andrews) CDMA07/10 Optimal Sovereign Debt Write-downs Sayantan Ghosal (Warwick) and Kannika Thampanishvong … (St Andrews) CDMA07/11 Bargaining, Moral Hazard and Sovereign Debt Crisis Syantan Ghosal (Warwick) and Kannika … Andrews) CDMA07/18 The Millennium Development Goals and Sovereign Debt Write-downs Sayantan Ghosal (Warwick), Kannika …

Sectors Vladislav Damjanovic (St Andrews) and Charles Nolan (St Andrews) CDMA07/10 Optimal Sovereign Debt Write …-downs Sayantan Ghosal (Warwick) and Kannika Thampanishvong (St Andrews) CDMA07/11 Bargaining, Moral Hazard and Sovereign Debt … Honkapohja (Cambridge) and Kaushik Mitra (St Andrews) CDMA07/18 The Millennium Development Goals and Sovereign Debt Write …

Charles Nolan (St Andrews) CDMA07/10 Optimal Sovereign Debt Write-downs Sayantan Ghosal (Warwick) and Kannika Thampanishvong … (St Andrews) CDMA07/11 Bargaining, Moral Hazard and Sovereign Debt Crisis Syantan Ghosal (Warwick) and Kannika … Andrews) CDMA07/18 The Millennium Development Goals and Sovereign Debt Write-downs Sayantan Ghosal (Warwick), Kannika …

to the economic debate about debt sustainability and the opportunity to adopt rules rather than discretion in the … output at the time when the Treaty was 2 literature on public debt sustainability, which can even be dated back to an old … anticipated and might give rise to short-run financial crises (for a recent reassessment of the debt sustainability issue, cf …