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When Is External Debt Sustainable?

The article empirically examines the determinants of debt distress, defined as periods in which countries resort to any of three forms of exceptional finance: significant arrears on external debt, Paris Club rescheduling, and non-concessional Inter...

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Bibliographic Details
Main Authors: Kraay, Aart, Nehru, Vikram
Language:English
en_US
Published: Oxford University Press on behalf of the World Bank 2013
Subjects:
ACCOUNTING
ACCUMULATION OF ARREARS
AID EFFECTIVENESS
ARREARS
BALANCE OF PAYMENTS
BANK LOANS
BANK POLICY
BIASES
BILATERAL CREDITORS
CHECKS
CONSUMER PRICE INDEX
COUNTRY RISK
CREDITOR
CREDITORS
CREDITWORTHINESS
CURRENCY
CURRENCY CRISES
CURRENCY UNITS
DEBT BURDEN
DEBT BURDENS
DEBT CRISES
DEBT CRISIS
DEBT DATA
DEBT DEFAULT
DEBT INTOLERANCE
DEBT LEVEL
DEBT LEVELS
DEBT OUTSTANDING
DEBT REDUCTION
DEBT REDUCTIONS
DEBT RELIEF
DEBT RELIEF INITIATIVE
DEBT RESCHEDULING
DEBT SECURITIES
DEBT SERVICE
DEBT SERVICE OBLIGATIONS
DEBT SERVICE PAYMENTS
DEBT SERVICING
DEBT SUSTAINABILITY
DEBT-SERVICE
DEBT-SERVICE OBLIGATIONS
DEBTOR
DEBTOR COUNTRIES
DEBTOR COUNTRY
DEBTOR REPORTING
DEBTOR REPORTING SYSTEM
DEBTORS
DEBTS
DEPENDENT
DERIVATIVE
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT ASSISTANCE
DISBURSEMENTS
DUMMY VARIABLE
ECONOMETRICS
ECONOMIC ACTIVITY
ECONOMIC POLICY
EMERGING MARKET
EMERGING MARKET ECONOMIES
EXCESSIVE BORROWING
EXCESSIVE DEBT
EXCHANGE RATE MOVEMENTS
EXPORT EARNINGS
EXTERNAL BORROWING
EXTERNAL DEBT
EXTERNAL DEBT BURDEN
EXTERNAL DEBT BURDENS
EXTERNAL DEBT SERVICE
EXTERNAL OBLIGATIONS
EXTERNAL SHOCKS
FACE VALUE
FACE VALUE OF DEBT
FINANCIAL CRISIS
FINANCIAL STATEMENTS
FUTURE DEBT
GLOBAL DEVELOPMENT FINANCE
GOVERNMENT REVENUES
GRACE PERIODS
HIGH DEBT
HIGHLY INDEBTED COUNTRIES
HOLDING
IMPORTANCE OF LIQUIDITY
INCIDENCE OF DEBT
INCOME INEQUALITY
INDEBTED
INDEBTED POOR COUNTRIES
INDEBTEDNESS
INFLATION
INSTITUTIONAL INVESTOR
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL DEBT
INTERNATIONAL DEVELOPMENT
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL STATISTICS
INTERNATIONAL RESERVES
LENDING POLICIES
LEVEL OF DEBT
LEVELS OF DEBT
LIQUIDITY
LOAN
LOCAL CURRENCY
LOWER DEBT
MACROECONOMIC INSTABILITY
MACROECONOMIC STABILITY
MACROECONOMIC VARIABLES
MARKET INTEREST RATES
MATURITY
MONETARY FUND
MULTILATERAL CREDITORS
MULTILATERAL DEBT
MULTILATERAL DEBT RELIEF
MULTILATERAL LENDERS
PAST DEBT
PAST DEBTS
PATTERNS OF DEBT
PAYMENTS IMBALANCES
POLICY ENVIRONMENT
POLICY RESPONSE
PORTFOLIO
PRESENT VALUE
PRESENT VALUE OF DEBT
PRIVATE CREDITORS
PROPERTY RIGHTS
PROPERTY RIGHTS PROTECTION
PROTECTION OF PROPERTY
PUBLIC SERVICES
REAL EXCHANGE RATE
RECIPIENT COUNTRY
REPAYMENT
REPAYMENT HISTORIES
REPAYMENT HISTORY
REPAYMENT PERFORMANCE
REPAYMENT RATES
REPAYMENTS
RESERVES
RISK OF DEBT
RULE OF LAW
SECONDARY MARKET
SHARE OF DEBT
SINGLE DEBT
SOLVENCY
SOVEREIGN DEBT
SOVEREIGN DEBT CRISES
SOVEREIGN DEFAULT
SOVEREIGN RISK
SOVEREIGN RISK RATINGS
STOCK OF DEBT
SYSTEMIC RISK
TOTAL DEBT
TYPE OF DEBT
VALUE OF DEBT
Online Access:http://documents.worldbank.org/curated/en/2006/09/17760901/external-debt-sustainable
http://hdl.handle.net/10986/16425

Internet

http://documents.worldbank.org/curated/en/2006/09/17760901/external-debt-sustainable
http://hdl.handle.net/10986/16425

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