sustainability. Disclosure of nontraditional debt would imply significant welfare gains for the recipient countries but would reduce … its sustainability. We discuss the implications of nontraditional lending on standard assumptions of sovereign debt models …

Debt sustainability is fundamentally a probabilistic concept: Debt is rarely sustainable with probability one. We … propose an index of external debt sustainability that reflects this uncertainty. Namely we construct the index as the … strong measures are potentially needed to reestablish sustainability. Exchange rates that appear overvalued in the baseline …

We offer a new methodology for the assessment of public debt sustainability in a stochastic economy when sovereign … recovery rule. We distinguish sustainability and unsustainability conditions, related to alternative scenarios on the future … default occurs, the sustainability of the post-default debt is ensured when the haircut is sufficiently large. Lastly we …

The purpose of the study is to test for debt sustainability as well as assess the impact of public debt on economic … suggested by Bohn (1998) to test for the sustainability of Ghana's debt. The neoclassical growth model was used to determine the …

public debt, (2) tracking the evolution of the debt-to-GDP ratio in the next half-decade through standard debt sustainability … comfortable debt levels, and (4) estimation of fiscal reaction functions for the Philippines and developing ASEAN-5 economies to … Philippines and similar economies in the region meanwhile indicate responsible fiscal policy that guarantees fiscal solvency. This …