sistema de indicadores de alerta temprana de presión fiscal ; The sovereign debt crisis in the euro area has raised interest …

more flexible ones. We account for path dependence, asymmetric shocks, movements in interest rates, and allow for … volatility under the float. Interest differential contemporaneously impacts exchange rate volatility under either regime, while … the interest differential intertemporal effect is not found. Accordingly we draw policy implications. …

Artículo de revista ; This note analyses the situation of Spanish general government debt in 2018. Public debt fell to … 97.1% of GDP, owing mainly to high economic growth. The average life of the debt stood at 7.5 years, with securities … representing 86.4% of total debt and with the holdings of non-residents accounting for a higher share. By sub-sector, central …

In recent years, for most emerging markets, public debt has decreased and its composition has evolved toward domestic … financing conditions and related deepening of local debt markets. In this paper, we assess the vulnerability reduction -conveyed … in the ratio of total debt to GDP- achieved for six selected emerging economies, focusing on the importance of exchange …

of its foreign debt?As a starting point, the variety of meanings of the term `sustainability'are consolidated to a … consistent definition.Introducing terminology and reviewing the basic principles of balanceof payments accounting, the evolution … of the U.S. balance of paymentsand international debt is presented in numbers. The models of the central parts of the …

Neoclassical general equilibrium models are employed in this thesis to analyze several questions of interest in … the balance of payments rather than the exchange rate, so as to highlight the fact that the model used in the first … of the pattern of comovement between current account, balance of payments, relative price of nontraded goods, and the …

Chinese economy, relevant for the rest of the world. We use China’s balance of payments and international investment position …