Debt Limits and the Structure of Public Debt /
This paper provides a tractable framework to assess how the structure of debt instruments-specifically by currency denomination and indexation to GDP-can raise the debt limit of a sovereign. By calibrating the model to different country fundamentals, it is clear that there is no one-size-fits-all ap...
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Main Author: | Pienkowski, Alex (Author) |
---|---|
Format: | Electronic eBook |
Language: | English |
Published: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
|
Series: | IMF working paper ;
WP/17/117. |
Subjects: | |
Online Access: | CONNECT |
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