When Is External Debt Sustainable?

When Is External Debt Sustainable?

This paper examines the determinants of "debt distress," which they define as periods in which countries resort to exceptional finance in any of three forms: (1) significant arrears on external debt, (2) Paris Club rescheduling, and (3) n...

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Bibliographic Details
Main Authors: Kraay, Aart, Nehru, Vikram
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
EXTERNAL DEBT
DEBT DISTRESSED COUNTRIES
DEBT STRATEGY
BORROWING POLICIES
PARIS CLUB
LENDING
HEAVILY INDEBTED POOR COUNTRIES
INTERNATIONAL MONETARY FUND BALANCE OF PAYMENTS
BENCHMARK
BORROWING
CREDITOR
CREDITORS
CURRENCY UNITS
DEBT
DEBT BURDEN
DEBT CRISES
DEBT OUTSTANDING
DEBT PROBLEMS
DEBT REDUCTION
DEBT RELIEF
DEBT RESCHEDULING
DEBT SECURITIES
DEBT SERVICE
DEBT SERVICE PAYMENTS
DEBT SERVICING
DEBT STOCKS
DEBT SUSTAINABILITY
DEBTOR
DEBTOR COUNTRIES
DEBTOR REPORTING
DEBTS
DEFLATORS
DEVELOPMENT ASSISTANCE
DEVELOPMENT BANKS
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EXCHANGE RATE
EXPORTS
FACE VALUE
FINANCIAL CRISIS
FISCAL YEAR
GROWTH RATE
IMPORTANCE OF LIQUIDITY
IMPORTS
INCOME
INCOME EFFECT
INCOME INEQUALITY
INFLATION
INFLATION RATE
INTEREST RATES
INTERNATIONAL RESERVES
LIQUIDITY
LONG TERM DEBT
MACROECONOMIC STABILITY
PAYMENTS IMBALANCES
PER CAPITA INCOME
PRESENT VALUE
PRESENT VALUE OF DEBT
PROBABILITY OF DEFAULT
PROPERTY RIGHTS
PUBLIC SERVICES
REAL GDP
REGRESSION ANALYSIS
REPAYMENT
SECONDARY MARKETS
SOLVENCY
SOVEREIGN DEBT
SOVEREIGN RISK
SOVEREIGN RISK RATINGS
TERMS OF TRADE
TRADEOFFS
Online Access:http://documents.worldbank.org/curated/en/2004/02/3911464/external-debt-sustainable
http://hdl.handle.net/10986/14314

Internet

http://documents.worldbank.org/curated/en/2004/02/3911464/external-debt-sustainable
http://hdl.handle.net/10986/14314

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