Restoring Debt Sustainability After Crises : Implications for the Fiscal Mix /

This paper analyzes the experience of 99 advanced and developing economies in restoring fiscal sustainability during 1980 - 2008 after banking crises, which led to large accumulation of public debt. It finds that successful debt reductions have relied chiefly on generation of large primary surpluses...

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Bibliographic Details
Main Author: Baldacci, Emanuele
Other Authors: Gupta, Sanjeev, Mulas-Granados, Carlos
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/232
Online Access:Full text available on IMF