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  • 1
    UID:
    b3kat_BV049074803
    Format: 1 Online-Ressource
    Edition: Online-Ausg Also available in print
    Series Statement: Policy research working paper 3821
    Content: "The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 1/17/2006
    Additional Edition: Karam, Philippe D Assessing debt sustainability in emerging market economies using stochastic simulation methods
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    Online Resource
    Online Resource
    [Washington, D.C.] :International Monetary Fund, Research Dept.,
    UID:
    edoccha_9958124466802883
    Format: 1 online resource (35 p.)
    Edition: 1st ed.
    ISBN: 1-4623-7300-3 , 1-4527-0271-3 , 1-283-51768-X , 9786613830135 , 1-4519-0981-0
    Series Statement: IMF working paper ; WP/06/268
    Content: This paper documents the specification of a model that was constructed to assess debt sustainability in emerging market economies. Key features of the model include external and fiscal sectors, which allow assessment of external and public debt in a unified framework; public and external debt, which both have an explicit maturity structure along with a distinction between denomination in domestic versus foreign currency to facilitate debt management analysis; monetary and fiscal policy, which are endogenous and specified using explicit forward-looking policy rules; an endogenous risk premium on public and external debt; and a mechanism for invoking a sudden stop in private capital flows. The paper provides an overview of the basic structure of the model, outlines the methodology used to calibrate the parameters, and illustrates the key properties of the model with reference to dynamic responses of selected variables to shocks of interest.
    Note: "December 2006." , ""Contents""; ""I. OVERVIEW""; ""II. MODEL STRUCTURE""; ""III. CALIBRATION METHODOLOGY""; ""IV. MODEL PROPERTIES""; ""V. CONCLUSIONS""; ""REFERENCES"" , English
    Additional Edition: ISBN 1-4518-6528-7
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 3
    UID:
    gbv_724218793
    Format: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3821
    Content: "The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 1/17/2006 , Also available in print.
    Additional Edition: Karam, Philippe D Assessing debt sustainability in emerging market economies using stochastic simulation methods
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
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  • 4
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    UID:
    gbv_83496208X
    Format: Online-Ressource
    Edition: 2009 World Bank eLibrary Also available in print
    Series Statement: Policy research working paper 4829
    Content: "Private debt flows to developing countries surged to record levels over the period 2003-07. A few low-income countries have gained access to the international bond market but the bulk of the flows have continued to go to just a few large middle-income countries. Most low-income countries still heavily depend on concessional loans and grants from the official sector to meet their financing needs. The paper provides an overview of low-income countries' access to cross-border bank lending and bond issuance in the international market over the past few decades. It highlights some stylized facts that characterize salient features of low-income countries' experience in external borrowing from the private sector and discusses the various factors that influence governments' and corporations' decisions to seek external financing along with creditors' decisions to provide the financing. The paper concludes by assessing the prospects for low-income countries' access to private debt markets over the medium term. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
    Additional Edition: Hostland, Doug Low-income countries' access to private debt markets
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
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  • 5
    Online Resource
    Online Resource
    [Washington, D.C. :World Bank,
    UID:
    almafu_9958095207602883
    Series Statement: Policy research working paper ; 4829
    Content: "Private debt flows to developing countries surged to record levels over the period 2003-07. A few low-income countries have gained access to the international bond market but the bulk of the flows have continued to go to just a few large middle-income countries. Most low-income countries still heavily depend on concessional loans and grants from the official sector to meet their financing needs. The paper provides an overview of low-income countries' access to cross-border bank lending and bond issuance in the international market over the past few decades. It highlights some stylized facts that characterize salient features of low-income countries' experience in external borrowing from the private sector and discusses the various factors that influence governments' and corporations' decisions to seek external financing along with creditors' decisions to provide the financing. The paper concludes by assessing the prospects for low-income countries' access to private debt markets over the medium term. "--World Bank web site.
    Note: Title from PDF file as viewed on 5/8/2009. , Also available in printing.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 6
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    UID:
    b3kat_BV048264270
    Format: 1 Online-Ressource
    Series Statement: Policy research working paper 4829
    Content: "Private debt flows to developing countries surged to record levels over the period 2003-07. A few low-income countries have gained access to the international bond market but the bulk of the flows have continued to go to just a few large middle-income countries. Most low-income countries still heavily depend on concessional loans and grants from the official sector to meet their financing needs. The paper provides an overview of low-income countries' access to cross-border bank lending and bond issuance in the international market over the past few decades. It highlights some stylized facts that characterize salient features of low-income countries' experience in external borrowing from the private sector and discusses the various factors that influence governments' and corporations' decisions to seek external financing along with creditors' decisions to provide the financing. The paper concludes by assessing the prospects for low-income countries' access to private debt markets over the medium term. "--World Bank web site
    Note: Includes bibliographical references. - Title from PDF file as viewed on 5/8/2009
    Additional Edition: Hostland, Doug Low-income countries' access to private debt markets
    Language: English
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
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  • 7
    UID:
    edocfu_9958108000602883
    Format: 1 online resource (36 p.)
    ISBN: 1-4623-2056-2 , 1-4519-8331-X , 1-283-51593-8 , 1-4519-0781-8 , 9786613828385
    Series Statement: IMF working paper ; WP/05/226
    Content: This paper applies stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. We show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult trade-off between managing the risk of a debt crisis and pursuing other important fiscal policy objectives.
    Note: "December 2005." , ""Contents""; ""I. INTRODUCTION""; ""II. LITERATURE REVIEW""; ""III. OVERVIEW OF STOCHASTIC SIMULATION MODEL""; ""IV. STOCHASTIC SIMULATION RESULTS""; ""V. CONCLUSIONS""; ""REFERENCES"" , English
    Additional Edition: ISBN 1-4518-6245-8
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 8
    Book
    Book
    Washington, DC : World Bank, Development Prospects Group
    UID:
    gbv_508451191
    Format: 34 S. , graph. Darst.
    Series Statement: Policy research working paper 3821
    Note: Internetausg.: http://wdsbeta.worldbank.org/external/default/WDSContentServer/IW3P/IB/2006/01/13/000016406_20060113143802/Rendered/PDF/wps3821.pdf
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
    Library Location Call Number Volume/Issue/Year Availability
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  • 9
    UID:
    gbv_278035876
    Format: V, 42 S , graph. Darst
    ISBN: 0662234928
    Series Statement: Working paper / Bank of Canada 95,5
    Language: English
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  • 10
    UID:
    gbv_278035817
    Format: III, 67 S , graph. Darst
    ISBN: 0662245962
    Series Statement: Working paper / Bank of Canada 96,7
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
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