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Enhancing Debt Transparency by Strengthening Public Debt Transaction Disclosure Practices
World Bank - 2022
Improving debt transparency is critical for promoting debt sustainability and creditworthiness assessments, increasing the accuracy of public debt information, and protecting the interests of a diverse range of stakeholders. The importance of debt transparency, the costs associated with the lack...
Persistent link: https://www.econbiz.de/10013254825
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Montenegro - Debt Sustainability Analysis
World Bank - 2013
This report assesses Montenegro's public and external debt sustainability under alternative scenarios. The baseline scenario assumes continued implementation of a macroeconomic stabilization and structural reform program, while the low case scenario describes the alternative of a sluggish growth...
Persistent link: https://www.econbiz.de/10012557371
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Debt Report 2022 : Edition II
World Bank - 2022
This is the second of the series of Debt Reports for 2022 to be published online and provide users with data and analysis on external and public debt of low- and middle-income countries. Debt Report 2022 second edition presents preliminary estimates of external debt stocks at end-2021 for low-...
Persistent link: https://www.econbiz.de/10013545534
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Refinements to the probabilistic approach to fiscal sustainability analysis
Frank, Nathaniel - 2008
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...
Persistent link: https://www.econbiz.de/10010521050
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Philippines - Public Expenditure Review : Strengthening Public Finance for More Inclusive Growth
World Bank - 2012
years. Its main findings are that, since the late 1990s, the Philippines has been caught in a low-revenue, low …-expenditure trap and that the current level of public revenues is not sufficient to close the development gap between the Philippines … and East Asian comparator countries. The Philippines exhibits similar efficiency of public expenditures as the regional …
Persistent link: https://www.econbiz.de/10012550588
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Debt relief and beyond : lessons learned and challenges ahead
Braga, Carlos Alberto Primo (contributor);  … - 2009
Persistent link: https://www.econbiz.de/10011393409
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The overhang hangover
Imbs, Jean - 2005
"The authors revisit the debt overhang question. They first use nonparametric techniques to isolate a panel of countries on the downward sloping section of a debt Laffer Curve. In particular, overhang countries are ones where a threshold level of debt is reached in sample, beyond which (initial)...
Persistent link: https://www.econbiz.de/10010522527
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The current account as a dynamic portfolio choice problem
Didier, Tatiana - 2009
"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
Persistent link: https://www.econbiz.de/10011394155
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Neither a borrower nor a lender : does China's zero net foreign asset position make economic sense?
Dollar, David - 2005
"China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital-labor ratio about one-fifth the world average and...
Persistent link: https://www.econbiz.de/10010522399
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The dot-com bubble, the Bush deficits, and the U.S. current account
Kraay, Aart - 2005
"Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming U.S. stock market. During the first half...
Persistent link: https://www.econbiz.de/10010522528