This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of … future output. Resources provided by a third party could reduce this gap through market-based debt reduction or by supporting … resources, it seems likely that an optimal strategy would include both debt reduction and government investment …

a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt during the late 1980s … sources of fiscal financing influenced external debt values. The econometric analysis also implies that previous studies have …

The analysis of public debt determinants is well documented in the literature. However, previous studies give more … debt accumulation in a bivariate relationship. The paper employs the OLS and GLS as baseline models using panel data … Competitiveness for legislative election (Liec), and fraud as the main driving factors of public debt in CEMAC countries. This paper …

This paper examines the dynamic causal relationship between financial development, external debt and investment in … testing approach, the study results show that the causal relationship between financial development, external debt and … development Granger cause external debt, both in the short run and in the long run. However, for Lesotho and Namibia, it is the …