Global Monetary Tightening : Emerging Markets Debt Dynamics and Fiscal Crises /

This paper finds that tightening global financial conditions can worsen emerging economies' public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global risk aversion. Latin America and emerging Europe are the regions most likely to be a...

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Detalhes bibliográficos
Autor principal: Escolano, Julio
Outros Autores: Kolerus, Christina, Lonkeng Ngouana, Constant
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2014.
Colecção:IMF Working Papers; Working Paper ; No. 2014/215
Acesso em linha:Full text available on IMF