This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels …. Based on empirical studies of factors underlying global large debt reduction episodes, important policy lessons are drawn … for the Caribbean. The analysis shows that major debt reductions are associated with strong growth and decisive and …

investor holdings of sovereign debt. Based on this methodology, it introduces a dataset for 24 major advanced economies that … can be used to track US$42 trillion of sovereign debt holdings on a quarterly basis over 2004-11. While recent outflows …. Meanwhile, advanced economy banks' exposure to their own government debt has begun to increase across the board after the global …

We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal … austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically … times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …

increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic … banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy …

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main … finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 percent. Moreover, the debt … dynamics begin changing well before this threshold is reached. Specifically, at debt levels lower than 30 percent of GDP …

explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … reactions necessary to ensure debt-sustainability; and (iv) the macroeconomic adjustment required to ensure internal and …, or persistent negative exogenous shocks, this strategy can easily lead to unsustainable public debt dynamics. Front …