Dias, Daniel A.; Richmond, Christine; Wright, Mark L. J. - Federal Reserve Bank of Chicago - 2014
The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal … construct alternative measures of the stock of external sovereign debt for 100 developing countries from 1979 through 2006 that … quantitative, and in some cases also qualitative, picture of the stock of developing country external sovereign debt; (2) often …