Journal Article
An application of conventional sovereign debt sustainability analysis to the current debt crises
Abstract: The developing international debt crisis has unleashed unanticipated fears that governments in some advanced economies may default on their sovereign debt and trigger a global financial tsunami. This article provides a primer on sovereign debt sustainability and interprets the recent experience of advanced economies in the light of a uniform approach that allows an answer to this question: What are the main factors that contribute to make a country?s debt sustainable or unsustainable?
https://doi.org/10.20955/r.94.197-220
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https://fraser.stlouisfed.org/title/review-federal-reserve-bank-st-louis-820/may-june-2012-620779
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Review
Publication Date: 2012
Volume: 94
Issue: May
Pages: 197-220