In this paper, the author considers sovereign debt in the form of one-period government bonds with default risk, which … debt share also determines the default risk: a higher domestic debt share means a lower default risk, ceteris paribus …, which leads to a lower risk premium; while a lower domestic debt share means a higher default risk and a higher risk premium …

In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk …' interest by the borrowing government at the time of debt repayment, which captures the lenders' trust in the government …'s propensity to repay the debt and is denoted as », also determines the default risk: a higher » means a lower default risk ceteris …

In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on …) made it possible for domestic investors to absorb most of the government debt but that foreign holdings of Japanese … government debt has not wreaked havoc in the past because of robust domestic saving and a temporary inflow of foreign capital …

In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on …) made it possible for domestic investors to absorb most of the government debt but that foreign holdings of Japanese … government debt has not wreaked havoc in the past because of robust domestic saving and a temporary inflow of foreign capital …

to grow as interest rates rise. In view of protracted and costly sovereign debt restructurings in the previous decades …, contractual and noncontractual instruments of the Global Debt Governance‐system have been insufficient to prevent and to resolve … sovereign debt crisis. While statutory and comprehensive approaches to resolve sovereign debt crises lack the political support …

The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key … factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt … sustainability in the context of the intertemporal borrowing model, the growth-cum-debt model and the gap models. After reviewing …

This paper presents some selective aspects of standard econometric methods and of new developments in econometrics that …

restrictions are those associated with implementation-neutral causation. A graphical procedure is outlined that identifies causal … orderings and also the ordering based on implementation-neutral causation. The same procedure applied to reduced form models …