In this paper we stress the limits of the current debt sustainability framework used in the IMF-WB HIPC Initiative and … the necessity to include domestic public debt into the analysis. The standard sustainability analysis does not take into … multilateral programs. The switch from foreign to domestic borrowing, and rising domestic real interest rates are likely to …

. This paper examines the role of policy in fostering recovery in that decade. With nominal short-term interest rates already …

debt, which are endangering also the country risk rating, implicitly the costs of external borrowing in order to cover the …

sustainability through interest rate and growth rate differential and level of primary budget balance while external debt … sustainability is assessed through interest rate on debt and growth rate of exports differential and current account balance. The …The objective of the study is to assess and analyze sustainability of overall public debt and sustainability of …

loans, which did pay interest, and thus with the usury controversies that erupted, over not just such loans, but the sale of … interest-bearing debt certificates in secondary markets. The alternative solution, found elsewhere – first in northern French … thirteenth century as a response to circumvent not only the usury doctrine (to ‘disguise’ interest payments in the exchange rate …

the country’s creditworthiness. Therefore, a default and debt restructuring were inevitable sooner or later—and certainly … about 50 percent of the time. Does that tell you something?” In reality, Greece’s road to default and debt restructuring in … budget deficit and public debt figures. The prosaic tale of the supposed inevitability of the Greek tragedy has been endorsed …

measures were taken that damaged the interests of investors; the debt relief that was demanded bore little relation to the …

domestic product, exports, interest rates, inflation rates, and exchange rates. These projections are crucial because debt …A sustainable debt is a precondition for sustainable development. Yet the analysis of a country’s debt sustainability … is a complex task given issues related to (1) establishing the actual debt outstanding and future debt …

external borrowing. Results suggest that: first, a higher disutility of debt implies a higher shadow interest rate.1 The higher … importing two forms of foreign capital: external debt and foreign direct investment (FDI). The community is assumed to derive … the utility derived from FDI, however, the lower the shadow interest rate. Second, external borrowing will be attractive …