We develop a model of debt sustainability analysis with optimal financing decisions in the presence of macroeconomic … flow dynamics, subject to debt sustainability constraints and endogenous risk and term premia. We optimize both static and … significant effects of optimal financing, and show that the stock-flow tradeoff can be critical for sustainability. We quantify …

is not uncommon. We propose a scenario analysis for debt sustainability and integrate it with scenario optimization for … sustainability …

and under various forms of restructuring or rescheduling, and show how to assess debt sustainability. We also develop the …

We express the opinion that sovereign debt sustainability analysis must be augmented by stochastic correlated risk … sustainability and highlight modeling approaches that can be brought to bear on the problem. Results with the fictitiuous, but nor …