This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that … report that the quality of financial reporting may vary depending on the origin of the debt, the empirical analysis predicted … that the effects of the origin of the debt on investment efficiency would be differential. Debt origin was divided into …

In this paper we empirically explore the relationship between debt and output in a panel of 72 countries over the … predicted by a standard small open economy model by Aguiar and Gopinath (2007), where debt and output endogenously respond to … total factor productivity (TFP) shocks. First, developing countries' debt falls after a positive output shock, while the …

This paper examines the ownership structure of eurozone public debt and the distributional consequences thereof …, it asks who holds government debt in Spain, France, Germany, and Italy. I focus in on Italy to provide, to the author …’s knowledge, the first highly disaggregated view of the holding structure of public debt. Secondly, for Italy I study …

The reminder of this paper is the following: the first section of the paper defines public and external debt, and … its precisely manner in addressing Romania’s public and external debt in a simultaneously aggregated and transdisciplinary …

along the debt-deficit spiral over time. [IEG Working Paper No.329]. …

and caused serious fiscal losses. The new financing strategy is based on issuing debt instruments in the regional … financial market to improve the domestic debt profile. IMF staff recommends completion of the second review, granting of waivers …