The debt sustainability path under different structural deficit assumptions

2012 ◽  
Author(s):  
Arkodipta Sarkar ◽  
Kamalika Das ◽  
Kanika Pasricha
Keyword(s):  

Author(s):  
Andrea Consiglio ◽  
Stavros A. Zenios

AbstractDebt restructuring is one of the policy tools available for resolving sovereign debt crises and, while unorthodox, it is not uncommon. We propose a scenario analysis for debt sustainability and integrate it with scenario optimization for risk management in restructuring sovereign debt. The scenario dynamics of debt-to-GDP ratio are used to define a tail risk measure, termed


2012 ◽  
Author(s):  
Michal Andrle ◽  
Antonio C. David ◽  
Raphael A. Espinoza ◽  
Marshall Mills ◽  
Luis-Felipe Zanna

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