Early Warning System for Government Debt Crisis in Developing Countries
نویسندگان
چکیده
منابع مشابه
Debt management and crisis in developing countries
Debt management policy for governments of developing countries must balance conflicting objectives. The structure of explicit and implicit government debt influences the amount of lending private creditors are willing to extend, contractual debt service costs, the probability of default and the costs of default. Because default is not relevant for governments of industrial countries, their debt...
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Since the economic crisis erupted in 2008, Chinese government has carried out the proactive fiscal policy and moderate looser monetary policy, which has kept down the tendency of declining economic growth. At the same time, Chinese government debt risk problem has emerged. How to manage the risk of local government debt exposure has been a major challenge to local government. This paper carried...
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ژورنال
عنوان ژورنال: Journal of Central Banking Theory and Practice
سال: 2020
ISSN: 2336-9205
DOI: 10.2478/jcbtp-2020-0025