A Risk-Based Debt Sustainability Framework : Incorporating Balance Sheets and Uncertainty /

This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative risk-based model of sovereign credit risk. The motivation in developing this framework is to provide...

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Autor principal: Gray, Dale
Altres autors: Lim, Cheng, Loukoianova, Elena, Malone, Samuel
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2008.
Col·lecció:IMF Working Papers; Working Paper ; No. 2008/040
Accés en línia:Full text available on IMF