This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets … account for the lion's share of capital markets, regional public debt markets remain underdeveloped for a variety of reasons … and composition of debt (with sizeable nonstandard and non-tradable components), fragmentation of public debt between …

across major regions, countries with differing commodity export composition, and countries with differing debt relief status …

, may serve Tanzania better. The "diamond rule" proposed in this paper incorporates a permanent hard ceiling on debt and …

This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine …

variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It … problems in one sector can spill over into other sectors, eventually triggering an external balance of payments crisis. The …

States (CIS) accumulated substantial external debt in a short time span, about half of which is owed to multilateral … financial institutions. Three factors contributed to the current debt burden. First, the initial years of transition brought … consequently, growth revival, took longer than expected. Third, overoptimism by multilaterals contributed to the high debt levels …

fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators …, followed by an assessment of the causes of fiscal deficits and their impact on the usual indicators of fiscal and external debt …

The effects of debt relief on incentives to accumulate debt, consume, and invest are an important concern for donors … requirement and an endogenous relief probability, we show that excessive debt accumulation is consistent with an anticipation of a … future debt relief. Simulations of the calibrated model using 1982-2006 Ugandan data suggest that debt-relief episodes are …