Debt Maturity : Does It Matter for Fiscal Space? /

This paper examines how debt maturity affects the debt limit, defined as the maximum amount of debt a government can afford without defaulting. We develop a model where investors are risk neutral, the primary balance is stochastic but exogenous, and default occurs solely due to the government's...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Kim, Jun
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2015.
סדרה:IMF Working Papers; Working Paper ; No. 2015/257
גישה מקוונת:Full text available on IMF

פריטים דומים