|
|
|
|
| LEADER |
02589nmm a2200637 u 4500 |
| 001 |
EB001825515 |
| 003 |
EBX01000000000000000991961 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
180614 ||| eng |
| 020 |
|
|
|a 9781484300657
|
| 100 |
1 |
|
|a Pienkowski, Alex
|
| 245 |
0 |
0 |
|a Debt Limits and the Structure of Public Debt
|c Alex Pienkowski
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2017
|
| 300 |
|
|
|a 21 pages
|
| 651 |
|
4 |
|a United Kingdom
|
| 653 |
|
|
|a Investment & securities
|
| 653 |
|
|
|a Debts, Public
|
| 653 |
|
|
|a Fiscal Policy
|
| 653 |
|
|
|a Return on investment
|
| 653 |
|
|
|a Foreign exchange
|
| 653 |
|
|
|a National accounts
|
| 653 |
|
|
|a International Lending and Debt Problems
|
| 653 |
|
|
|a Investments: General
|
| 653 |
|
|
|a Public finance & taxation
|
| 653 |
|
|
|a Exchange rates
|
| 653 |
|
|
|a Investment
|
| 653 |
|
|
|a Fiscal policy
|
| 653 |
|
|
|a Public Finance
|
| 653 |
|
|
|a Debt limits
|
| 653 |
|
|
|a Debt
|
| 653 |
|
|
|a Asset and liability management
|
| 653 |
|
|
|a Currency
|
| 653 |
|
|
|a Saving and investment
|
| 653 |
|
|
|a General Financial Markets: General (includes Measurement and Data)
|
| 653 |
|
|
|a Public debt
|
| 653 |
|
|
|a Fiscal stance
|
| 653 |
|
|
|a Intangible Capital
|
| 653 |
|
|
|a Bonds
|
| 653 |
|
|
|a Financial Risk Management
|
| 653 |
|
|
|a Foreign Exchange
|
| 653 |
|
|
|a Investments: Bonds
|
| 653 |
|
|
|a Financial institutions
|
| 653 |
|
|
|a Capital
|
| 653 |
|
|
|a Finance
|
| 653 |
|
|
|a Capacity
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Debt Management
|
| 653 |
|
|
|a Sovereign Debt
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781484300657.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2017/117/001.2017.issue-117-en.xml?cid=44913-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This paper provides a tractable framework to assess how the structure of debt instruments—specifically by currency denomination and indexation to GDP—can raise the debt limit of a sovereign. By calibrating the model to different country fundamentals, it is clear that there is no one-size-fits-all approach to optimal instrument design. For instance, low income countries may find benefit in issuing local currency debt; while in advanced economies debt tolerance can be substantially enhanced through issuing GDP-linked bonds. By looking at the marginal impact of these instruments, the paper also provides insight into the optimal portfolio compostion
|