Browse

You are looking at 1 - 10 of 62 items :

  • IMF Working Papers x
  • Keywords: debt sustainability x
Clear All
An Application of the "Fan-Chart Approach" to Debt Sustainability in Post-HIPC Low-Income Countries

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

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

Volume/Issue: 2014/102

Series: IMF Working Papers

Author(s): Maximilien Kaffo Melou , Mariusz Sumlinski , and Chris Geiregat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2014

ISBN: 9781498345033

Keywords: HIPC, MDRI, fan chart, debt sustainablity, debt relief, debt sustainability, debt accumulation, debt dynamics, Deficit, International Lending and Debt Problems

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 t...

BRICs’ Philosophies for Development Financing and their Implications for LICs

BRICs’ Philosophies for Development Financing and their Implications for LICs »

Source: BRICs' Philosophies for Development Financing and their Implications for LICs

Volume/Issue: 2012/74

Series: IMF Working Papers

Author(s): Yongzheng Yang , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502268

Keywords: BRICs, Russia, Institutions, LICs, development financing, debt sustainability, debt relief, public investment, commodity prices, History Of Thought: - Individuals

Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their f...

Building Resilience to Natural Disasters: An Application to Small Developing States*

Building Resilience to Natural Disasters: An Application to Small Developing States* »

Source: Building Resilience to Natural Disasters: An Application to Small Developing States

Volume/Issue: 2017/223

Series: IMF Working Papers

Author(s): Ricardo Marto , Chris Papageorgiou , and Vladimir Klyuev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2017

ISBN: 9781484324745

Keywords: Debt sustainability, Disaster aid, Foreign aid, Natural Disastes, Resilience, Adaptation, Small States, International Lending and Debt Problems, Infrastructures, Fiscal and Monetary Policy in Development

We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of produc...

The Case for an Independent Fiscal Institution in Japan

The Case for an Independent Fiscal Institution in Japan »

Source: The Case for an Independent Fiscal Institution in Japan

Volume/Issue: 2016/156

Series: IMF Working Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2016

ISBN: 9781475522686

Keywords: Japan’;s fiscal policy; public debt sustainability; independent fiscal institutions.

In response to the recent financial crisis and the ensuing buildup in public indebtedness, an increasing number of advanced economies have created independent fiscal institutions (IFIs) to improve the quality of pu...

Collect More, Spend Better

Collect More, Spend Better »

Source: Collect More, Spend Better : Public Investment in Asian Frontier Markets

Volume/Issue: 2017/10

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , Ricardo Marto , Jiri Jonas , and Kaitlyn Douglass

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2017

ISBN: 9781475570892

Keywords: Southeast Asia, Sri Lanka, Tax collection, Vietnam, Capital expenditure, Public investment, Fiscal policy, Emerging markets, Cambodia, Debt sustainability

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue col...

Counting the Oil Money and the Elderly: Norway's Public Sector Balance Sheet

Counting the Oil Money and the Elderly: Norway's Public Sector Balance Sheet »

Source: Counting the Oil Money and the Elderly: Norway's Public Sector Balance Sheet

Volume/Issue: 2018/190

Series: IMF Working Papers

Author(s): Ezequiel Cabezon , and Christian Henn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2018

ISBN: 9781484370117

Keywords: Europe, Norway, Public Sector Balance Sheet, Intertemporal Fiscal Balances, Debt Sustainability, General, Social Security and Public Pensions, General, Governmental Loans and Credits, Norway

Based on a permanent income analysis, Gagnon (2018) has prominently suggested that Norway has saved too much, thereby free-riding on the rest of the world for demand. Our public sector balance sheet analysis comes...

Debt Maturity

Debt Maturity »

Source: Debt Maturity : Does It Matter for Fiscal Space?

Volume/Issue: 2015/257

Series: IMF Working Papers

Author(s): Jun Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2015

ISBN: 9781513511931

Keywords: Debt sustainability, Fiscal policy, Public debt, Econometric models, Fiscal space, Sovereign debt defaults, sovereign default, debt maturity, debt limit, Deficit

This paper examines how debt maturity affects the debt limit, defined as the maximum amount of debt a government can afford without defaulting. We develop a model where investors are risk neutral, the primary balan...

Debt Relief Under the HIPC Initiative

Debt Relief Under the HIPC Initiative »

Source: Debt Relief Under the HIPC Initiative : Context and Outlook for Debt Sustainability and Resource Flow

Volume/Issue: 2001/144

Series: IMF Working Papers

Author(s): Doris Ross , and Lisandro Abrego

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

ISBN: 9781451856446

Keywords: external debt sustainability, debt, debt service, debt reduction, external debt, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

This paper discusses the Heavily Indebted Poor Countries (HIPC) Initiative in the perspective of sizable historical debt relief and large positive net resource flows to HIPCs. It argues that, by substantially reduc...

Debt Sustainability Analyses for Low-Income Countries: An Assessment of Projection Performance

Debt Sustainability Analyses for Low-Income Countries: An Assessment of Projection Performance »

Source: Debt Sustainability Analyses for Low-Income Countries: An Assessment of Projection Performance

Volume/Issue: 2017/220

Series: IMF Working Papers

Author(s): Henry Mooney , and Constance de Soyres

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2017

ISBN: 9781484324790

Keywords: Balance of payments, Debt relief, IMF, Sovereign debt, World Bank, debt sustainability analysis (DSA), macroeconomic forecast, projection accuracy, projection bias, forecast error

This paper develops new error assessment methods to evaluate the performance of debt sustainability analyses (DSAs) for low-income countries (LICs) from 2005-2015. We find some evidence of a bias towards optimism f...

Debt Sustainability in Low-Income Countries

Debt Sustainability in Low-Income Countries »

Source: Debt Sustainability in Low-Income Countries : Policies, Institutions, or Shocks?

Volume/Issue: 2017/114

Series: IMF Working Papers

Author(s): Yasemin Bal Gunduz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475599732

Keywords: Low-income countries, external debt sustainability, General, International Lending and Debt Problems

This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies. The most prominent factors in raising the risk of debt...