Public debt sustainability

Includes bibliography

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Autores principales: Martner Fanta, Ricardo, Tromben, Varinia
Formato: Texto
Lenguaje:English
Publicado: 2014
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Acceso en línea:http://hdl.handle.net/11362/11049
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spelling oai-11362-110492020-03-04T19:57:23Z Public debt sustainability Martner Fanta, Ricardo Tromben, Varinia CONDICIONES ECONOMICAS DEUDA PUBLICA LIQUIDEZ POLITICA FISCAL ECONOMIC CONDITIONS FISCAL POLICY LIQUIDITY PUBLIC DEBT Includes bibliography Although in Latin America public debt-to-GDP ratios continue to be generally lower than in other emerging countries, it has nevertheless not been possible to avoid liquidity problems, which some authors attribute to the low level and high volatility of public revenue, the weakness of domestic financial systems, and the mediocre quality of fiscal institutions. This article also emphasizes some exogenous factors, however. The combination of low economic growth rates and devaluations in a context of dollarized liabilities has given rise to a huge "snowball effect", which is what has come to be called "original sin": the impossibility for an emerging country of borrowing abroad in its own currency. Although the effort to control the dynamics of the public debt will continue to be mainly at the internal level, the medium-term sustainability of that debt will depend on actions by international financial institutions aimed at improving the public debt conditions of emerging countries. / 2014-01-02T18:43:53Z 2014-01-02T18:43:53Z 2004-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11049 LC/G.2258-P en CEPAL Review CEPAL Review 84 application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN
institution Cepal
collection Cepal
language English
topic CONDICIONES ECONOMICAS
DEUDA PUBLICA
LIQUIDEZ
POLITICA FISCAL
ECONOMIC CONDITIONS
FISCAL POLICY
LIQUIDITY
PUBLIC DEBT
spellingShingle CONDICIONES ECONOMICAS
DEUDA PUBLICA
LIQUIDEZ
POLITICA FISCAL
ECONOMIC CONDITIONS
FISCAL POLICY
LIQUIDITY
PUBLIC DEBT
Martner Fanta, Ricardo
Tromben, Varinia
Public debt sustainability
description Includes bibliography
format Texto
author Martner Fanta, Ricardo
Tromben, Varinia
author_facet Martner Fanta, Ricardo
Tromben, Varinia
author_sort Martner Fanta, Ricardo
title Public debt sustainability
title_short Public debt sustainability
title_full Public debt sustainability
title_fullStr Public debt sustainability
title_full_unstemmed Public debt sustainability
title_sort public debt sustainability
publishDate 2014
url http://hdl.handle.net/11362/11049
work_keys_str_mv AT martnerfantaricardo publicdebtsustainability
AT trombenvarinia publicdebtsustainability
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