Volatility, External Debt, and Fiscal Risk: Simulations of the Impact of Shocks on Fiscal Adjustment for Thirteen Latin American Countries

This paper examines how the combination of indebtedness and exogenous shocks induce volatility for the countries of Latin America. A techique for simulating the impact of shocks on the costs of external indebtedness and the response of fiscal policies in adjustment to such shocks is presented and applied to thirteen indebted Latin American countries.

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Year of publication:	1997-10
Authors:	Kletzer, Kenneth
Institutions:	Inter-American Development Bank
Subject:	Public debt \| Fiscal Policy \| public debt \| volatility policy \| sustainable policy \| sustainable debt \| government solvency \| WP-358

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Extent:	application/pdf
Series:	IDB Publications (Working Papers).
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series; 358 Number 6805
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010944033