UID:
edocfu_9958098521402883
Format:
1 online resource (35 p.)
Edition:
1st ed.
ISBN:
1-4623-2659-5
,
1-4527-9554-1
,
1-283-51676-4
,
9786613829214
,
1-4519-8994-6
Series Statement:
IMF working paper ; WP/06/186
Content:
The paper examines the evolution of public sector debt levels and structures in 12 emerging market countries around the time of financial crises. In particular, it focuses on whether the debt situation of sovereign borrowers became more vulnerable in the aftermath of crises. The principal findings are that (i) debt levels tend to increase significantly post-crisis, and (ii) countries often experience more rigid debt structures following such events, with an increase in the share of external public debt to multilateral creditors and a greater exposure of the domestic banking system to sovereign debt.
Note:
"August 2006."
,
""Contents""; ""I. INTRODUCTION""; ""II. EVOLUTION OF SOVEREIGN DEBT LEVELS""; ""A. Evolution of Debt Levels in the Immediate Post-Crisis Period""; ""B. Evidence on Debt Reversals""; ""C. External Debt versus Domestic Debt""; ""III. CHANGES IN THE STRUCTURE OF SOVEREIGN DEBT""; ""A. External Public Debt""; ""B. Domestic Public Debt""; ""IV. CONCLUSIONS""; ""Data Issues and Methodology""; ""References""
,
English
Additional Edition:
ISBN 1-4518-6446-9
Language:
English
