"Private debt flows to developing countries surged to record levels over the period 2003-07. A few low-income countries … debt markets over the medium term. "--World Bank web site …

"Despite the popularity of the term among advocates of debt forgiveness, there is little agreement on a workable … issues of concern underlying the concept of odious or illegitimate debt. The authors make the case for focusing attention on …

"The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide … probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt … debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that …

"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) debt ends up lowering (subsequent) growth. On average …

"Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt … denomination of debt. The authors discuss several mechanisms by which firms can avoid the costs of poor legal systems with foreign …

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 and bondholders. By issuing long-term debt, the government lowers the …-term debt. Second, the authors construct a new database of sovereign bond prices and issuance. They show that emerging economies …