Latin America and the Caribbean Standardized Public Debt Database: Data as of December 2019

2020 ◽  
Author(s):  
Keyword(s):  
Latin America ◽  
Financial Markets ◽  
Public Debt ◽  
Sovereign Debt ◽  
Regional Policy ◽  
Debt Management ◽  
Policy Makers ◽  
The Caribbean ◽  
Cross Country ◽  
Clear Objective

The LAC Debt Group believes that to have sound regional policy it is important to have valid, comparable, and standardized data on Latin America and the Caribbean (LAC). Therefore, at the core of the initiative is the development of a standardized sovereign debt database to help debt managers, policy makers, and other actors of financial markets, analyze the composition of public debt in LAC. The information presented in this database is provided by the Debt Management Offices of 26 LAC countries in response to a questionnaire specifically created to allow comparability of data. The questionnaire is intended to compile up-to-date standardized statistics to conduct cross-country comparisons over clear, objective, and homogeneous definitions of public debt.

Latin America and the Caribbean Standardized Public Debt Database: Data as of December 2020

2021 ◽  
Author(s):  
Keyword(s):  
Latin America ◽  
Financial Markets ◽  
Public Debt ◽  
Sovereign Debt ◽  
Regional Policy ◽  
Debt Management ◽  
Policy Makers ◽  
The Caribbean ◽  
Cross Country ◽  
Clear Objective

The LAC Debt Group believes that to have sound regional policy it is important to have valid, comparable, and standardized data on Latin America and the Caribbean (LAC). Therefore, at the core of the initiative is the development of a standardized sovereign debt database to help debt managers, policy makers, and other actors of financial markets, analyze the composition of public debt in LAC. The information presented in this database is provided by the Debt Management Offices of 26 LAC countries in response to a questionnaire specifically created to allow comparability of data. The questionnaire is intended to compile up-to-date standardized statistics to conduct cross-country comparisons over clear, objective, and homogeneous definitions of public debt.

scholarly journals Sovereign debt in Latin America, 1820-1913

2013 ◽  
Vol 31 (2) ◽  
pp. 173-217 ◽  
Author(s):  
Gerardo della Paolera ◽  
Alan M. Taylor
Keyword(s):  
Latin America ◽  
Financial Markets ◽  
Latin American ◽  
Sovereign Debt ◽  
Market Access ◽  
Sovereign Bond ◽  
Market Experience ◽  
Risk Pricing ◽  
The Caribbean ◽  
International Investors

ABSTRACTThis paper examines sovereign lending to Latin America and the Caribbean from 1820 to 1913. We examine four waves of capital flows where defaults were followed by a return to market access. In spite of extended default, countries kept promising high returns that attracted international investors again and again: financial autarky thus gave way to eras of high integration to global markets as measured by sovereign risk pricing. We discuss imperfections of the sovereign debt institutional context in the region and discuss a menu of options that some countries used to seek funds in the global financial markets after defaults. The parallel with the modern Latin American and Caribbean sovereign bond market experience is striking.

scholarly journals Analysis of structure of a public debt of the countries of Latin America

2013 ◽  
pp. 228-231
Author(s):  
F. A. Ahmed Abu Bakr
Keyword(s):  
Latin America ◽  
Public Debt ◽  
Global Financial Crisis ◽  
Present Report ◽  
Debt Management ◽  
Capital Inflows ◽  
Management Options ◽  
Emerging Nations ◽  
Debt Market ◽  
International Investors

The article addresses the problem of public debt restructuring in seven largest countries of Latin America. Over the last decade there has been a steady decline in nations’ external debt liabilities. This process was originated by two main contributors: worsening borrowing conditions on the world credit market, encouraging governments to deleverage their external credit position, and a solid financial standing underpinned by a positive external environment. It is LAC-7 countries’ strong fiscal position that propelled the development of national debt market and attracted international investors. But as the present report reveals international capital inflows into public debt market is highly volatile, concentrated in the short term segment and insufficient to finance constantly rising needs of the emerging nations. Finally, the author considers debt management options for local government policies weighing the implications of the ongoing global financial crisis and the scarcity of external credit resources

Do We Have to Rethink Sovereign Debt of Developing Countries?

2021 ◽  
pp. 499-517
Author(s):  
Wissem Ajili
Keyword(s):  
Developing Countries ◽  
Public Debt ◽  
Sovereign Debt ◽  
Debt Management ◽  
Future Generations ◽  
Social Progress ◽  
Comprehensive Management ◽  
Standards Of Living ◽  
Political Choices ◽  
Ecologically Sustainable

The chapter joins new reflections interested in measuring welfare and social progress. The main objective is to determine whether the sovereign debt management process in developing countries is economically viable, socially equitable, and ecologically sustainable. The analysis advocates rethinking the sovereign debt around the idea of social sustainability, that is, the non-questioning of the living conditions of present and future generations and their economic, social, and political choices. The chapter suggests the need for developing countries (1) to ensure a comprehensive management of public debt based on the co-responsibility of both the indebted countries and their creditors, (2) to borrow in priority to finance the most productive investment expenditures, which can have an impact on the populations' standards of living and on economic prosperity, and (3) to reduce the use of austerity programs and anti-social policies.

scholarly journals THE DEADLY EMBRACE BETWEEN THE BANKS AND THE STATE IN SPAIN, 1850-2015

2017 ◽  
Vol 35 (3) ◽  
pp. 387-414 ◽  
Author(s):  
Francisco Comín ◽  
Joaquim Cuevas
Keyword(s):  
Public Debt ◽  
Sovereign Debt ◽  
Banking Sector ◽  
Banking Regulation ◽  
The State ◽  
Debt Management ◽  
Stock Exchanges ◽  
Budget Deficits ◽  
Public And Private ◽  
Financial Repression

AbstractThis paper focusses on the financial relations between the banking sector and the Treasury in Modern Spain. Tax systems have been insufficient, generating a chronic budget deficit. This drove to irresponsible public debt management, being the State a serial defaulter until 1987. This prevented the budget deficits could be financed by sovereign debt issued on the stock exchanges, and forced the state to resort to banks (public and private). The new series of public debt banks portfolios evolution is explained by their pursuit of returns and by changes in banking regulation and financial repression, which favoured the bankingstatus quo. The paper analyses the causes of banking regulation, derived from the public borrowing policy and also from the banking lobbying strategy. It examines the consequences of the deadly banking-state embrace which brought about the interconnection between fiscal and banking crises.

scholarly journals India, Latin America, and the Caribbean during the Cold War

2013 ◽  
Vol 56 (2) ◽  
pp. 23-44
Author(s):  
Cesar Ross
Keyword(s):  
Latin America ◽  
Cold War ◽  
Regional Policy ◽  
Chain Structure ◽  
Explanatory Factors ◽  
The Caribbean ◽  
The Cold War ◽  
The Relationship ◽  
Academic Debate

In this period, the key to the relationship between India and Latin America and the Caribbean (LAC) was based in the political nature of this liaison: it was a "uni-multilateral" relationship, centered in India, where LAC countries operated as a group of autonomous entities (an "island chain" structure), and not as a unit of a supranational character with unified international conduct (an island structure). As we will see, faced with uniform and consistent Indian policies, LAC had national policies which make it impossible to discuss a regional policy towards India. The goal of this work is to form a general characterization of the bilateral policies during the period of the Cold War with the intent of identifying the key explanatory factors of the process. While this may be a limited objective, it addresses the non-existence of an academic debate surrounding the topic. We intend to contribute an analysis which in this phase is primarily descriptive.

scholarly journals Sovereign debt crises and cross-country assistance

2020 ◽  
Author(s):  
Christian Grisse ◽  
Gisle J Natvik
Keyword(s):  
Side Effects ◽  
Interest Rate ◽  
Public Debt ◽  
Sovereign Debt ◽  
Perfect Foresight ◽  
Adverse Side Effects ◽  
Incentive Compatible ◽  
Cross Country ◽  
Debt Crises

Abstract We provide a parsimonious framework to study the interplay between cross-country assistance and expectations-driven sovereign debt crises. Our framework extends the traditional single-country model of how multiple perfect-foresight equilibria are possible when a sovereign attempts to service public debt. The extension is that a self-interested ‘safe’ country may choose to assist a ‘risky’ country which is prone to default. Investors internalize the potential for assistance when lending to fragile countries. If the safe country cannot commit to fixed cross-country transfers or rule them out completely, assistance improves equilibrium outcomes only if the risky country is fundamentally insolvent in the sense that it cannot repay existing debt at the risk-free interest rate. If a default requires pessimistic expectations, an incentive-compatible (IC) assistance policy has adverse side effects.

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