Showing 1 - 10 of 342
Analysis shows that deviations in public debt stocks can represent up to 30 percent of national gross domestic product. Based …
Persistent link: https://www.econbiz.de/10013255285
efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda … insecurity affect household investment decisions, focusing on trees and shrubs. The panel data estimates suggest that limited … perceived transfer rights, and the threat of expropriation, negatively affect long-term investment in Ethiopian agriculture …
Persistent link: https://www.econbiz.de/10012552808
The author examines empirically the link between real exchange rate uncertainty and private investment in developing … finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and … real exchange rate uncertainty on investment is significantly larger in economies that are highly open and in those with …
Persistent link: https://www.econbiz.de/10012559585
The authors conduct an empirical study on the effect of the accumulation of pension fund financial assets, on national saving, using a panel of 43 industrial, and developing countries. The authors find evidence suggesting that the accumulation of pension fund financial assets might increase...
Persistent link: https://www.econbiz.de/10012559834
The paper presents the policymakers perspective on the reforms undertaken to manage states debt and ensure solvency. While the sustained high growth rates of the Indian economy played a part in alleviating the interest burden on debt and ensuring that the debt does not grow in an explosive...
Persistent link: https://www.econbiz.de/10012552143
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/10012552501
domestic fundamentals with the actual versus equilibrium exchange rate in light of the long-term perspective of a debt manager …
Persistent link: https://www.econbiz.de/10012552694
This paper analyzes results of a survey on debt management strategies conducted by the Banking and Debt Management Department of the World Bank. The analysis focuses on (1) whether a public debt management strategy exists in a given country, (2) whether it is made public, and (3) in which form...
Persistent link: https://www.econbiz.de/10012552737
This paper proposes a sovereign asset and liability management framework for analyzing the inter-relationships between debt management, fiscal and monetary policies. It illustrates the consequences of uncoordinated policy mix and extends Sargent and Wallace (1981 and 1993) by including debt...
Persistent link: https://www.econbiz.de/10012552815
This paper takes a hard look at the experience with official intervention in sovereign debt crises, focusing on debt crises of the 1980s, Russia in 1998, Argentina in 2001, and Greece in 2010. Based on the track record, the authors argue that in situations where countries face a solvency...
Persistent link: https://www.econbiz.de/10012554487