, but the government's debt burden is actually stopping several states from attaining the MDG targets. Although, in the … medium term the impact of the debt on poverty is not very harmful, in the longer run it has a significant negative impact …. Therefore for policy purposes reduction in debt should be given a priority. …

In this study, we explore the relationship between the debt service ratio (DSR) and individual borrowers' ability to … withstand shocks in Malaysia. Using a micro-level dataset that matches borrowers' debt and income, we quantify the financial … financial and economic shocks on debt repayment, cost of living and variable income. The simulation allows us to differentiate …

significant number of debtors with overdue debts permanently escape from debt collectors. Accordingly, in our sample, overdue … and society. We recommend paying more attention to smoothing credit cycles and resolving non-performing debt obligations. …

macroeconomic stability and growth. Second, the tools of macroeconomic policy-fiscal and monetary policy together with debt … deficit and debt ratios. This paper discusses these macroeconomic dimensions, focusing on the developing world. The paper …