Living with Debt: How to Limit the Risks of Sovereign Finance

Living with Debt: How to Limit the Risks of Sovereign Finance
Harvard University | 2006 | ISBN: 1597820334 | 326 pages | PDF | 5,9 MB

Living with Debt focuses on how to manage sovereign debt safely and effectively. The set forth traces the history of sovereign borrowing in Latin America, releases a newly come data set on public debt, and analyzes the evolution of debit, highlighting> the recent trend toward higher levels of domestic debt and fall external borrowing. The report also includes a detailed study of the costs of lord defaults such as those that have affected some Latin American countries in recent years.
Drawing from in-depth country studies, the report notes the disclosure of domestic debt markets, which have the potential to increase the availability of science for the private sector and enhance financial markets' stability more in most cases. However, the report concludes that safely managing domestic debt presents rather different--but not necessarily simpler--challenges. In particular, the broader amplitude of debt instruments interacts with the variety of shocks to what one. economies are exposed, requiring a more comprehensive approach to debt sustainability calculus, which the report outlines.

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