Sub-Saharan African countries as a group showed a considerable reduction in public and external indebtedness in the early 2000s as a result of debt relief programs, higher economic growth and improved fiscal management ...

The relationship between sovereign risk and indebtedness level is an important guide for evaluating the probability of a debt default. The market discipline hypothesis establishes that the risk premium increases with ...

The Brazilian domestic debt has posed two challenges to policy-makers: it has grown very fast and its maturity is extremely short. This has prompted fears that a default or a compulsory lengthening scheme would be imposed. ...

This paper analyses the determinants of credit demand in the presence of borrowing constraints for Uruguayan economy. I model the determinants of debt level for Uruguayan households taking into account selection bias and ...

This paper analyses the determinants of credit demand in the presence of borrowing constraints for Uruguayan economy. I model the determinants of debt level for Uruguayan households taking into account selection bias and ...

Purpose. This study aims to determine whether there is an effect of internal and public debt on income inequality in Kenya for the period 1970–2018. Design/methodology/approach: The relationship is examined by using the ...

According to Bohn (1995, 2008), the conventional sustainability tests, based on analyzing cointegration between government revenues and expenditures, are inconclusive for determining the sustainability of fiscal policy. ...