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Surging Investment and Declining Aid : Evaluating Debt Sustainability in Rwanda

Clark, Will - 2014

Rwanda is a unique case among its Sub-Saharan African peers in that it has already undergone a large scaling-up of public investment. The Rwandan government has made clear its desire to lower its reliance on foreign aid while still maintaining high public investment levels. We use the model of...

Persistent link: https://www.econbiz.de/10014411172

Macroeconomic effects of public debt in Nigeria

Olaniran, Oladotun Richard; Falade, Olanipekun Emmanuel - In: International journal of management, economics and … 13 (2024) 1/2, pp. 25-40

The purpose of this study was to investigate the impact of domestic and external debt on macroeconomic variables in Nigeria from 1981 to 2020. Annual secondary data on domestic and external debt, inflation, output, investment and consumption sourced from World Development Indicators (WDI, 2021),...

Persistent link: https://www.econbiz.de/10014566183

Efficient Energy Investment and Fiscal Adjustment in Senegal

Issoufou, Salifou - 2014

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and … fiscal adjustment. Lowering the fiscal deficit by raising taxes and cutting government expenditure has adverse effects on …, stimulates private investment, and significantly reduces the fiscal deficit in the medium long term. More aggressive investment …

Persistent link: https://www.econbiz.de/10014411199

Jamaica Debt Exchange

Grigorian, David A. - 2012

The sovereign debt restructuring operation in Jamaica undertaken in early-2010 was a unique experiment that perhaps offered less by way of upside, if compared to the conventional sovereign debt exchanges, but provided credible assurances against further downfall and financial sector distress. A...

Persistent link: https://www.econbiz.de/10014411309

An Application of the "Fan-Chart Approach" to Debt Sustainability in Post-HIPC Low-Income Countries

Kaffo Melou, Maximilien - 2014

We analyse the debt dynamics in countries that benefited from the HIPC/MDRI debt relief initiatives with a view to applying a probabilistic approach to estimating future debt paths for those countries. We extend the probabilistic approach to public debt sustainability analysis (DSA) proposed by...

Persistent link: https://www.econbiz.de/10014411387

Sovereign Debt Restructurings in Belize : Achievements and Challenges Ahead

Asonuma, Tamon - 2014

This paper examines the causes, processes, and outcomes of the two Belize sovereign debt restructurings in 2006–07 and in 2012–13 that occurred outside of an IMF-supported program. It finds that the motivation for the two debt restructurings differed, as the former was driven by external...

Persistent link: https://www.econbiz.de/10014411471

Debt, Growth and Natural Disasters A Caribbean Trilogy

Acevedo Mejia, Sebastian - 2014

This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region, while considering the effects of both moderate and...

Persistent link: https://www.econbiz.de/10014411475

Optimal Maturity Structure of Sovereign Debt in Situation of Near Default

Desgranges, Gabriel - 2014

We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under uncertainty. The Sovereign faces a trade-off between a future costly default and a high current fiscal effort. This results into a debt crisis in case a large initial issuance of long...

Persistent link: https://www.econbiz.de/10014411505

Sovereign Debt Composition in Advanced Economies : A Historical Perspective

Abbas, S. M. Ali - 2014

We examine how the composition of public debt, broken down by currency, maturity, holder profile and marketability, has responded to major debt accumulation and consolidation episodes during 1900-2011. Covering thirteen advanced economies, we focus on debt structure shifts that occurred around...

Persistent link: https://www.econbiz.de/10014411519

Non-Defaultable Debt and Sovereign Risk

Hatchondo, Juan Carlos - 2014

We quantify gains from introducing non-defaultable debt as a limited additional financing option into a model of equilibrium sovereign risk. We find that, for an initial (defaultable) sovereign debt level equal to 66 percent of trend aggregate income and a sovereign spread of 2.9 percent,...

Persistent link: https://www.econbiz.de/10014411680