Review of The Debt Sustainability Framework For Market Access Countries.

A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF's lending framework. This note proposes replacing the current framework with a new methodology based on risk assessments at three different horizons. Extensive testing has s...

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Korporativna značnica: International Monetary Fund. Strategy, Policy, and Review Department
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2021.
Serija:Policy Papers; Policy Paper ; No. 2021/003
Teme:
Online dostop:Full text available on IMF
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245 1 0 |a Review of The Debt Sustainability Framework For Market Access Countries. 
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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 A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF's lending framework. This note proposes replacing the current framework with a new methodology based on risk assessments at three different horizons. Extensive testing has shown that the proposed framework has much better predictive accuracy than the current one. In addition to predicting sovereign stress, the framework can be used to derive statements about debt stabilization under current policies and about debt sustainability. 
538 |a Mode of access: Internet 
650 7 |a International Lending and Debt Problems  |2 imf 
650 7 |a Monetary Policy  |2 imf 
650 7 |a Political Economy  |2 imf 
830 0 |a Policy Papers; Policy Paper ;  |v No. 2021/003 
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