Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past … fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of … debt accumulation episodes in 100 emerging market and developing economies since 1970; a series of econometric models …

The financial crisis that began in 2007 is especially a crisis in debt markets. A full understanding of what happened … in the financial crisis requires investigation into the plumbing of debt markets. During a financial crisis, when funds … market prices, with consequences that can echo into the real economy. This article will explain in concrete ways how debt …

Japan’s public debt ratio, currently about 230% of GDP. The findings indicate that fiscal consolidation amounting to around … productivity growth, as well as inflation gradually rising to 2% thanks to unconventional monetary policy measures, the debt ratio …% of GDP in 2035.<P>L'inquiétante évolution de la dette publique au Japon<BR>Ce document de travail présente la toile de …

planned, with a view to reducing the debt burden below 60% of GDP by 2020. Austrian fiscal policies have tended to be pro …’est actuellement le cas, de façon à ramener la dette au-dessous de 60 % du PIB d’ici 2020. Traditionnellement, la politique budgétaire …

-indebtedness in Africa, to reduce the continent’s exposure to foreign-currency denominated debt and to encourage good governance by … Financial Governance in Africa, which attempts to include emerging lenders in the DSF framework — the Joint Bank-Fund Debt … Sustainability Framework. The empirical analysis of debt dynamics distinguishes three country groups: African HIPC, HIPC-China (High …

by the ratio of debt service to tax receipts and expected fiscal deficits. Moreover, there is evidence to suggest that … budgétaires, en particulier quand elles sont mesurées par le ratio du service de la dette aux recettes fiscales et par les …