In a recent paper, we studied economic growth and inflation at different levels of government and external debt. The … States), debt-growth causality (our book emphasizes the bi-directional nature of the relationship), as well as nonlinearities … in the debt-growth connection and thresholds evident in the data (absolutely central points that seem to have been lost …

lender of last resort, and reforming debt market institutions and instruments. …

suggests a different, more supervisory role for official creditors, particularly the IMF …

This paper models the executive's choice of whether to reschedule external debt as the outcome of an intra … significantly reduce their debt/GNP ratio without a 'credit incident' were parliamentary. Moreover, countries with stronger … understanding the international debt markets in the contemporary developing world …

suggests a different, more supervisory role for official creditors, particularly the IMF …

trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and … how the trade balance of a small open economy is residually determined by the ratio of foreign debt to income allowed by …

plan of last resort for resolving the present EMU sovereign-debt crisis. The key ingredients of our proposal involve a …

If Greece's debt is unsustainable, and most observers (including the IMF) seem to think it is, the country's only … is how to facilitate Greece's ability to tap the private capital markets at tolerable interest rates. The IMF's answer …