Debt Build-up in Frontier Low-Income Developing Countries (LIDCs) since 2012 : Global or Country-specific Factors and Way Forward? /

This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in interest r...

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Hlavní autor: de Soyres, Constance
Další autoři: Rogantini Picco, Anna, Sab, Randa
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2019.
Edice:IMF Working Papers; Working Paper ; No. 2019/037
On-line přístup:Full text available on IMF
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245 1 0 |a Debt Build-up in Frontier Low-Income Developing Countries (LIDCs) since 2012 :   |b Global or Country-specific Factors and Way Forward? /  |c Constance de Soyres, Anna Rogantini Picco, Randa Sab. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
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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 focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in interest rate payments. Second, using panel regressions, it shows that while both global and country-specific factors are correlated with debt-to-GDP ratios over 1998-2016, global factors dominate for the period 2012-16. Third, through a small open-economy model, it shows that the projected tightening in global financial conditions would reduce debt-to-GDP ratios by less than the increase associated with the expected rise in investment. 
538 |a Mode of access: Internet 
700 1 |a Rogantini Picco, Anna. 
700 1 |a Sab, Randa. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/037 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/037/001.2019.issue-037-en.xml  |z IMF e-Library