The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads /

How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability - the difference between the debt stabilizing primary balance and the primary balance-in an otherwise standard spread regression model...

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Bibliografische gegevens
Hoofdauteur: Belhocine, Nazim
Andere auteurs: Dell'Erba, Salvatore
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2013.
Reeks:IMF Working Papers; Working Paper ; No. 2013/093
Online toegang:Full text available on IMF