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This paper provides a new perspective of fiscal sustainability and financial globalization in emerging and industrial … countries. We highlight the importance of global capital market shocks for fiscal sustainability, a relationship which has … and debt is conditional upon a global factor and we suggest that this global factor is related to world-wide liquidity. We …
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This paper provides a new perspective of fiscal sustainability and financial globalization in emerging and industrial … countries. We highlight the importance of global capital market shocks for fiscal sustainability, a relationship which has … and debt is conditional upon a global factor and we suggest that this global factor is related to world-wide liquidity. We …
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