A Debt Intolerance Framework Applied to Central America, Panama and the Dominican Republic /

This paper presents an alternative method for calculating debt targets using the debt intolerance literature of Reinhart, Rogoff, and Savastano (2003) and Reinhart and Rogoff (2009). The methodology presented improves on the previous papers by using a dynamic panel approach, correcting for endogenei...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Bannister, Geoffrey
Muut tekijät: Barrot, Luis
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2011.
Sarja:IMF Working Papers; Working Paper ; No. 2011/220
Linkit:Full text available on IMF
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100 1 |a Bannister, Geoffrey. 
245 1 2 |a A Debt Intolerance Framework Applied to Central America, Panama and the Dominican Republic /  |c Geoffrey Bannister, Luis Barrot. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper presents an alternative method for calculating debt targets using the debt intolerance literature of Reinhart, Rogoff, and Savastano (2003) and Reinhart and Rogoff (2009). The methodology presented improves on the previous papers by using a dynamic panel approach, correcting for endogeneity in the regressors and basing the calculation of debt targets on credit ratings, a more objective criteria. In addition the study uses a new data base on general government debt covering 120 countries over 21 years. The paper suggests a ranking of Central America, Panama, and Dominican Republic (CAPDR) countries in terms of debt intolerance - an index which could be used to further investigate the main components of debt intolerance. 
538 |a Mode of access: Internet 
700 1 |a Barrot, Luis. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/220 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/220/001.2011.issue-220-en.xml  |z IMF e-Library