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The Level and Composition of Public Sector Debt in Emerging Market Crises, Bjoern Rother, Ivetta Hakobyan, Monica de Bolle

Abstract
The paper examines the evolution of public sector debt levels and structures in 12 emerging market countries around the time of financial crises. In particular, it focuses on whether the debt situation of sovereign borrowers became more vulnerable in the aftermath of crises. The principal findings are that (i) debt levels tend to increase significantly post-crisis, and (ii) countries often experience more rigid debt structures following such events, with an increase in the share of external public debt to multilateral creditors and a greater exposure of the domestic banking system to sovereign debt
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. EVOLUTION OF SOVEREIGN DEBT LEVELS""; ""A. Evolution of Debt Levels in the Immediate Post-Crisis Period""; ""B. Evidence on Debt Reversals""; ""C. External Debt versus Domestic Debt""; ""III. CHANGES IN THE STRUCTURE OF SOVEREIGN DEBT""; ""A. External Public Debt""; ""B. Domestic Public Debt""; ""IV. CONCLUSIONS""; ""Data Issues and Methodology""; ""References""
Language
eng
Literary Form
non fiction
Note
"August 2006."
Physical Description
1 online resource (35 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462326594

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