government operates close to its scal limit, i.e. the maximum capacity of a country to repay its debt. The presence of the … possible sovereign default leads to dynamics of sovereign debt which cause taxes to rise and increase the dispersion of … resulting tax levels. In line with data for industrialized countries household saving increases at high debt-to-GDP levels and …

According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share … Extreme Bounds Analysis (EBA) method, our study reveals that fluctuations in the IMF credit to external debt ratio can be … attributed to changes in the total reserves to external debt ratio, where this relationship is statistically significant and …