, foreign currency-denominated lending). But are all inflows the same? In this paper, we examine whether the source of the … investment, portfolio debt and other investment flows are associated with larger macroeconomic imbalances and financial …

What is an optimal or a sustainable external debt - for a country, region or sector? How should one monitor and … evaluate debt to preclude a crisis? We use stochastic optimal control/dynamic programming to derive an optimal debt. The … explain the implications of DP. An explicit example is the US Agricultural debt crisis. …

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account … negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward trajectory, a …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

This paper investigates the output effects of IMF-supported stabilization programs, especially those introduced at the … developing and emerging-market economies (with 461 IMF stabilization programs and 160 currency crises), we find that currency … growth for 1-2 years. Output growth is also lower (0.7 percentage points annually) during IMF-stabilization programs, but it …

In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor Countries Initiative — a comprehensive debt … relief program aimed at reducing the external debt burden of eligible countries to sustainable levels, provided they carry … analysis illustrates that it is hard to disentangle pure debt-relief effects from other concurrent factors …