, current account balance and public debt, as a percentage of GDP, and the temporal period (before and after 2010) also …

The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring … MDBs: (a) they give concessional loans, and (b) they give loans to debt-distressed countries when other lenders would not … status of MDBs, and outline a debt restructuring process that includes MDBs. I also discuss a similar approach by Diwan …

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account … negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward trajectory, a …

For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in … the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect … is stronger for countries with higher average inflation or debt. …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by … revenue losses on inframarginal units of debt that reflect the price impact of these decisions. The model predicts an interior …