The study will examine the impact of coronavirus pandemic on Nigeria’s fiscal sector. This was undertaken premise that sector is lifeline a developmental state like Nigeria which needs to deliver dividends her citizens after two decades un-interrupted democratic governance. specific objectives are (i) effect government revenue, expenditure and debt management in Nigeria. (ii) assess government’...

Brazil is the most decentralized country in the developing world. It has a long history of federalism and decentralization, and has become considerably more decentralized over the last two decades. By 1995, state and local governments together accounted for nearly 60 percent of public consumption (Ter-Minassian, 1997: 438). In comparison with other developing countries, the Brazilian states als...

Marked exchange rate depreciation following the global terms of trade shocks at start 2022 year brought high inflation and deteriorating living standards caused substantial increases in domestic currency values public debt bank liabilities. Nonetheless, growth continued, prospect is for a return to steady 2023. But assessed be unsustainable, servicing government presents risks this outlook.

We provide evidence that the European Central Bank (ECB's) unconventional monetary policy dampens yield cycles in secondary markets for Eurozone sovereign debt around new auctions. This dampening effect tends to be larger when market volatility is higher. Cycles caused by domestic auctions and role of are largest countries with low credit ratings. Auctions these also generate significant auctio...

This discussion paper presents a microsimulation model of household distress. We use logit analysis to estimate the extent to which a household’s risk of being financially distressed depends on net income after tax and loan servicing costs. The impact of assumed macroeconomic shocks on this net income concept is calculated at the household level. The microsimulation model is used to simulate bo...

This study examined the effect of external debt burden on growth Nigeria economy. Time series data was sourced from Central Bank Statistical Bulletin 1986-2019. real gross domestic proxied for dependent variable while servicing; stock, overhang, sustainability and crowd-out were proxies independent variables. The employed multiple regression models to estimate relationship that exists between i...

The general objective of this study was to investigate the factors that affect levels foreign exchange reserves in Kenya. real inspiration based on fact continuous high appetite for external loans finance budget deficit/mega infrastructures country has been concern economists Kenyan economy. To achieve objectives a methodology framework autoregressive distributed-lag (ARDL) undertaken year peri...