The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads /
How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability - the difference between the debt stabilizing primary balance and the primary balance-in an otherwise standard spread regression model...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2013/093 |
| Online Access: | Full text available on IMF |