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Author/Editor:
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Bannister, Geoffrey J. ; Barrot, Luis-Diego
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Publication Date:
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September 01, 2011
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Electronic Access:
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Free Full text
(PDF file size is 928KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper presents an alternative method for calculating debt targets using the debt intolerance literature of Reinhart, Rogoff, and Savastano (2003) and Reinhart and Rogoff (2009). The methodology presented improves on the previous papers by using a dynamic panel approach, correcting for endogeneity in the regressors and basing the calculation of debt targets on credit ratings, a more objective criteria. In addition the study uses a new data base on general government debt covering 120 countries over 21 years. The paper suggests a ranking of Central America, Panama, and Dominican Republic (CAPDR) countries in terms of debt intolerance - an index which could be used to further investigate the main components of debt intolerance.
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Order a print copy
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Series:
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Working Paper No. 11/220
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Subject(s):
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Central America | Cross country analysis | Dominican Republic | Panama | Public debt
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Author's Keyword(s):
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CAPDR | Central America | Debt | Dominican Republic | Panama |
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English
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Publication Date:
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September 01, 2011
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Format:
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Paper
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Stock No:
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WPIEA2011220
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Pages:
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23
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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