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The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in …
Persistent link: https://www.econbiz.de/10013055260
this question using four different criterion for debt sustainability. We augment the baseline model with a comprehensive … sustainability is highly sensitive to various macroeconomic factors like economic growth in China, the rest of the world and … valuation effects. We also document that debt sustainability is sensitive to the choice of measure used to model sustainability …
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on key domestic variables that determine public and external debt dynamics, with the IMF‘s standard debt sustainability … tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries …
Persistent link: https://www.econbiz.de/10012671041
bond issuers relative to other firms, but no difference for green loan and sustainability-linked loan borrowers. Green bond …, green loan, and sustainability-linked loan borrowers lower their emission intensity over time at a faster rate than other …
Persistent link: https://www.econbiz.de/10012605577
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Theory predicts that a nation's stochastic intertemporal budget constraint is satisfied if net exports (NX) and net foreign assets (NFA) satisfy an error-correction specification with a residual integrated of any finite order. We test this hypothesis using data for 21 industrial and 29 emerging...
Persistent link: https://www.econbiz.de/10013147305
Since the late 1990s, with comparatively low and stable inflation, relative political stability and the deepening of local and regional financial markets, Caribbean governments have largely had easy access to financial resources. Increased access to international capital markets and deepening...
Persistent link: https://www.econbiz.de/10013077890
Benin remains at moderate risk of external debt distress. The rating is unchanged from the previous November 2018 DSA. All the projected external debt burden indicators remain below their thresholds under the baseline, but the ratio of the present value (PV) of external debt to exports exceeds...
Persistent link: https://www.econbiz.de/10012646558