"Broner, Lorenzoni, and Schmukler argue that emerging economies borrow short term due to the high risk premium charged by international capital markets on long-term debt. They first present a model where the debt maturity structure is the outcome of a risk-sharing problem between the government...

This report discusses the energy sector in Vietnam. The central task for the energy sector is to meet demands for electricity in sufficient quantity and of an acceptable quality, in as commercially and financially efficient a way as possible. Several issues arise if this task is to be...