Search

Your search keyword '"INDEBTED POOR COUNTRIES"' showing total 2 results
Start Over Descriptor "INDEBTED POOR COUNTRIES" Topic accounting
2 results on '"INDEBTED POOR COUNTRIES"'

1. Policy Selectivity Forgone: Debt and Donor Behavior in Africa

Author

Nancy Birdsall, Stijn Claessens, and Ishac Diwan

Subjects
BANK POLICY, DEBT PROBLEMS, TOTAL DEBT, TAX, DEBT DATA, DEBT OVERHANG, Financial system, ECONOMIC GROWTH, GROSS DOMESTIC PRODUCT, DEBT FORGIVENESS, PRINCIPAL REPAYMENT, INFLATION, CLASS OF CREDITOR, Economics, CREDITOR, BILATERAL DONORS, EXISTING DEBT, FUTURE DEBT, RULE OF LAW, COMMERCIAL CREDITORS, DEBT SERVICE, DEBTOR CLASSES, Debt overhang, DEBT SERVICE REDUCTION, DEBTOR, INCOME SHOCKS, AID EFFECTIVENESS, DONOR RESOURCES, DEBT REDUCTION PROGRAM, ACTUAL DEBT, CREDITOR BEHAVIOR, INTEREST PAYMENT, COMMERCIAL CREDITOR, DEBT LEVELS, SOVEREIGN DEBT, Development, INSTITUTIONAL CAPACITY, STOCK OF DEBT, CREDITORS, MISREPORTING, INTERNATIONAL FINANCE, INDEBTED POOR COUNTRIES, FACE VALUE OF DEBT, EXTERNAL DEBT, INTERNATIONAL FINANCIAL STATISTICS, DEBT ACCUMULATION, INDEBTEDNESS, INDEBTED, HIGHLY INDEBTED COUNTRIES, GRANT PROGRAMS, DEFAULTS, BUDGET SURPLUS, LOW DEBT, MULTILATERAL CREDITORS, HIGH DEBT, International economics, DUMMY VARIABLE, FISCAL DEFICITS, ARREARS, DEBT, CLAIM, DEBT DISBURSEMENTS, DEBT RESTRUCTURING, DEBT STOCK VARIABLE, INTEREST PAYMENTS, DEBT REDUCTION, COMMERCIAL DEBT, MULTILATERAL DEBTS, DEBT CATEGORIES, DEBTS, INDEBTED COUNTRIES, RETURN, TOTAL DEBT STOCK, DEBT CLASSIFICATIONS, DEVELOPMENT ASSISTANCE, RECIPIENT COUNTRIES, DISBURSEMENTS, ECONOMIC ACTIVITY, POLICY ENVIRONMENT, MULTILATERAL DEBT, DEBT RESCHEDULING, DEFICITS, RECIPIENT COUNTRY, PORTFOLIO, DEBT BUILDUP, DEBT BURDENS, INTERNATIONAL ECONOMICS, DEBT TRAP, MACRO-IMBALANCES, FINANCIAL LIBERALIZATION, INTERNATIONAL DEVELOPMENT, DEBT COMPOSITION, REPAYMENTS, Debtor, External debt, CREDITWORTHINESS, EQUAL AMOUNT, Debt service coverage ratio, DEBT STOCK, Debt restructuring, ECONOMIC REFORM, GLOBAL DEVELOPMENT FINANCE, Global Development Finance, DEBT RELIEF, ECONOMIC POLICIES, JUDGMENT, INSTITUTIONAL ENVIRONMENTS, HIGH DEBTS, Economics and Econometrics, LEVELS OF DEBT, BORROWING, DUMMY VARIABLES, POLICY RESPONSE, POSITIVE COEFFICIENTS, DEBT SERVICE PAYMENTS, PRIVATIZATION, PUBLIC POLICY, TAX REVENUES, INTERNATIONAL BANK, Debt rescheduling, Accounting, DEBT STOCKS, DEBT SERVICING, DEPENDENT, MONETARY FUND, Debt ratio, CREDITOR CLASS, DEVELOPMENT BANK, INVESTMENT BANK, OLD DEBT, POSITIVE COEFFICIENT, INSTITUTIONAL ENVIRONMENT, CLASSES OF CREDITORS, FOREIGN AID, ACCUMULATION OF DEBT, PRESENT VALUE OF DEBT, DEBT SERVICE RELIEF, PRIVATE CREDITORS, OUTSTANDING STOCK, DEBT BURDEN, DEBT CATEGORY, DEBT CLASSIFICATION, DEBT PROBLEM, FACE VALUE, DEBTORS, LEVERAGE, PRESENT VALUE, Finance
Abstract

Authors assess the dynamics behind the high net resource transfers by donors and creditors to Sub-Saharan African countries. Analyzing the determinants of overall net transfers for a panel of 37 recipient countries in 1978-98, Authors find that country policies mattered little. Donors especially bilateral donors actually made greater transfers to countries with high debt, largely owed to multilateral creditors, when policies were 'bad'. Authors conclude that comprehensive debt relief has the potential, though not the certainty, to restore selectivity in support of good policies. That would make development assistance more effective going forward and increase public support in donor countries.

Published
2003

2. When is external debt sustainable?

Author

Aart Kraay and Vikram Nehru

Subjects
BANK POLICY, REPAYMENT RATES, TOTAL DEBT, Debt-to-GDP ratio, COUNTRY RISK, DEBT DATA, DEVELOPING COUNTRY, PAYMENTS IMBALANCES, Financial system, DEBT-SERVICE, EXCESSIVE DEBT, REPAYMENT HISTORY, INFLATION, TYPE OF DEBT, DEBTOR COUNTRY, EMERGING MARKET, Economics, CREDITOR, DEBT SERVICE OBLIGATIONS, FUTURE DEBT, health care economics and organizations, INSTITUTIONAL INVESTOR, REPAYMENT PERFORMANCE, RISK OF DEBT, PROPERTY RIGHTS PROTECTION, EXTERNAL DEBT SERVICE, INTERNATIONAL DEBT, PROTECTION OF PROPERTY, RULE OF LAW, FINANCIAL CRISIS, DEBT SERVICE, CONSUMER PRICE INDEX, EXCHANGE RATE MOVEMENTS, DEBTOR, RESERVES, GRACE PERIODS, AID EFFECTIVENESS, DEBT CRISES, REAL EXCHANGE RATE, SOLVENCY, education, DEBT LEVELS, BALANCE OF PAYMENTS, HOLDING, SOVEREIGN DEBT, EXTERNAL OBLIGATIONS, Development, STOCK OF DEBT, CREDITORS, PUBLIC SERVICES, SYSTEMIC RISK, INTERNATIONAL FINANCE, DEBT LEVEL, INDEBTED POOR COUNTRIES, FINANCIAL STATEMENTS, FACE VALUE OF DEBT, PAST DEBT, PROPERTY RIGHTS, SOVEREIGN RISK RATINGS, EXTERNAL DEBT, INCIDENCE OF DEBT, INTERNATIONAL FINANCIAL STATISTICS, INDEBTEDNESS, REPAYMENT HISTORIES, INDEBTED, HIGHLY INDEBTED COUNTRIES, INCOME INEQUALITY, MULTILATERAL CREDITORS, PATTERNS OF DEBT, HIGH DEBT, LIQUIDITY, DUMMY VARIABLE, INTEREST RATES, ARREARS, ACCUMULATION OF ARREARS, DEBT REDUCTION, EXCESSIVE BORROWING, DEBTS, SOVEREIGN RISK, DEBTOR REPORTING, DEVELOPMENT ASSISTANCE, EXTERNAL DEBT BURDENS, DISBURSEMENTS, ECONOMIC ACTIVITY, MULTILATERAL LENDERS, EXTERNAL SHOCKS, DEBT-SERVICE OBLIGATIONS, DEBT OUTSTANDING, POLICY ENVIRONMENT, MULTILATERAL DEBT, DEBT RESCHEDULING, CURRENCY CRISES, DEBT RELIEF INITIATIVE, MACROECONOMIC STABILITY, RECIPIENT COUNTRY, PORTFOLIO, CURRENCY UNITS, SOVEREIGN DEFAULT, DEBT BURDENS, VALUE OF DEBT, Debt levels and flows, ACCOUNTING, INTERNATIONAL ECONOMICS, GOVERNMENT REVENUES, INTERNATIONAL DEVELOPMENT, ECONOMETRICS, LEVEL OF DEBT, REPAYMENTS, External debt, CREDITWORTHINESS, DEBTOR COUNTRIES, INTERNATIONAL RESERVES, humanities, DEBTOR REPORTING SYSTEM, SECONDARY MARKET, GLOBAL DEVELOPMENT FINANCE, DEBT RELIEF, CURRENCY, MACROECONOMIC VARIABLES, Internal debt, IMPORTANCE OF LIQUIDITY, BANK LOANS, DEBT SECURITIES, Economics and Econometrics, LEVELS OF DEBT, MARKET INTEREST RATES, ECONOMIC POLICY, EXTERNAL BORROWING, POLICY RESPONSE, BILATERAL CREDITORS, DEBT SERVICE PAYMENTS, MACROECONOMIC INSTABILITY, LENDING POLICIES, LOAN, DEBT CRISIS, PAST DEBTS, MULTILATERAL DEBT RELIEF, DEVELOPING COUNTRIES, MATURITY, DEBT DEFAULT, EXPORT EARNINGS, INTERNATIONAL BANK, Debt rescheduling, Accounting, SINGLE DEBT, DEBT SERVICING, DEPENDENT, MONETARY FUND, Debt ratio, DEBT REDUCTIONS, EMERGING MARKET ECONOMIES, REPAYMENT, SOVEREIGN DEBT CRISES, Debt crisis, DERIVATIVE, Banks&Banking Reform,Economic Theory&Research,Strategic Debt Management,Environmental Economics&Policies,Payment Systems&Infrastructure,Economic Theory&Research,Strategic Debt Management,Banks&Banking Reform,Environmental Economics&Policies,Housing Finance, BIASES, PRESENT VALUE OF DEBT, PRIVATE CREDITORS, Debt intolerance, EXTERNAL DEBT BURDEN, LOWER DEBT, DEBT BURDEN, DEBT SUSTAINABILITY, SHARE OF DEBT, FACE VALUE, DEBTORS, CHECKS, DEBT INTOLERANCE, PRESENT VALUE, LOCAL CURRENCY, Finance
Abstract

The article empirically examines the determinants of debt distress, defined as periods in which countries resort to any of three forms of exceptional finance: significant arrears on external debt, Paris Club rescheduling, and non-concessional International Monetary Fund lending. Probit regressions show that three factors explain a substantial fraction of the cross-country and time-series variation in the incidence of debt distress: the debt burden, the quality of policies and institutions, and shocks. The relative importance of these factors varies with the level of development. These results are robust to a variety of alternative specifications, and the core specifications have substantial out-of-sample predictive power. The quantitative implications of these results are examined for the lending strategies of official creditors.

Published
2004

Catalog

Books, media, physical & digital resources
See catalog results