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Several African countries are headed into another debt crisis, just a decade or so after their slates had been wiped clean by debt relief. This is based on an assessment of country-specific debt dynamics: the debt to GDP ratios, the rate of growth of debt, the terms at which debt is being...
Persistent link: https://www.econbiz.de/10012889354
markets get to know emerging Africa well enough before the next crisis? Third, have the resolutions of recent defaults in … Africa been orderly so that debtor governments are not herded into traps set by foreign creditors? Our calculations suggest …
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Africa’s sovereign debt markets are not well understood, partly due to a lack of data. This paper introduces the Africa …, with a total volume of 644 billion USD. Using this data, we study Africa’s record lending boom of the 2010s in detail. The … organizations just 1 percent. Strikingly, many governments in Africa simultaneously borrow large amounts from both private and …
Persistent link: https://www.econbiz.de/10013171559
. With the author's formula for so doing, Africa's debt-to-export ratio should be brought to 198 percent. Another way to … for reconstructing estimates of repayment prospects econometrically. By that method, Africa's debt-to-export ratio should …
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relationship between external debt and economic growth in Africa. The result demonstrates that beyond a specific capacity, the … growth in Africa. The findings of this study reinforce the need for policymakers to ensure proper application of external …
Persistent link: https://www.econbiz.de/10012297244
There is a new wave of external borrowing by African governments on private sovereign bond markets. The findings in this paper indicate that African economies pay higher-than-normal coupon rates on these markets; observed risk measures like agency ratings and debt to GDP ratios do not explain...
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