This paper examines the determinants of public debt dynamics in Low Income Countries (LICs) over the period 1990-2003. Debt dynamics in LICs are influenced not only by macroeconomic variables but also by the composition of debt and the provision of debt relief over time. The study considers a...

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 resilience of individual borrowers and subsequently...