Lost and Found : Market Access and Public Debt Dynamics /

The empirical literature on sovereign debt crises identifies the level of public debt (measured as a share of GDP) as a key variable to predict debt defaults and to determine sovereign market access. This evidence has led to the widespread use of (country-specific) debt thresholds to assess debt sus...

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Bibliographic Details
Main Author: Cottarelli, Carlo
Other Authors: Bassanetti, Antonio, Presbitero, Andrea
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/253
Online Access:Full text available on IMF