The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal repayments, face values are misleading when debts are issued with different contractual forms or maturities. In this paper, we construct alternative measures of the stock of external sovereign debt for 100 developing countries from 1979 through 2006 that correct for differences i...

Financial debt in young people has increased in recent years. Because debt may have severe consequences, and it may enhance criminal behavior, insight into the prevalence and determinants of debt and its association with crime is important. We conducted a systematic review and meta-analysis of 36 manuscripts to examine the prevalence of financial debt (k = 23), correlates and risk factors of de...

There is little micro-economic evidence of the macroeconomic argument of excessive borrowing and overinvestment in East Asia before the crisis of 1997. Using firmlevel panel data-set from four Asian countries, this paper examines the efficiency of internal and external funds and compares the rates of return to these funds. We obtain selectivity-corrected random effects estimates of rates of ret...

This paper examines the impact of external debt on growth Nigerian economy between 1990 and 2018 with a view to drawing key implications for management economy. Having ascertained that variables study are non-stationary in levels but stationary after first differencing also being cointegrated, error correction model (ECM) technique was used analysis.The pairwise Granger causality test results s...