Room for discretion? Biased decision-making in international financial institutions

VF Lang, AF Presbitero - Journal of Development Economics, 2018 - Elsevier
We exploit the degree of discretion embedded in the World Bank-IMF Debt Sustainability
Framework (DSF) to understand the decision-making process of international financial …

Global Liquidity, the Private Sector and Debt Sustainability in Sub‐Saharan Africa

B Bonizzi, C Laskaridis… - Development and …, 2019 - Wiley Online Library
This article analyses the effect of changes in international financial markets on the debt
dynamics in sub‐Saharan Africa in recent years. A key development is the rise of the private …

[图书][B] Predicting fiscal crises: A machine learning approach

KP Hellwig - 2021 - books.google.com
In this paper I assess the ability of econometric and machine learning techniques to predict
fiscal crises out of sample. I show that the econometric approaches used in many policy …

Debt sustainability: towards a history of theory, policy and measurement

C Laskaridis - 2021 - eprints.soas.ac.uk
Since the early 2000s, debt sustainability is assessed by the World Bank and the
International Monetary Fund (IMF) through a policy template called Debt Sustainability …

On policymakers' loss functions and the evaluation of early warning systems: Comment

L Alessi, C Detken - Economics Letters, 2014 - Elsevier
Sarlin (2013) suggests that if a loss function approach is chosen to derive the optimal
threshold for financial crisis early warning indicators, the loss function specification should …

[图书][B] Debt Sustainability in Low-Income Countries: Policies, Institutions, or Shocks?

YB Gunduz - 2017 - books.google.com
This paper estimates the determinants of external debt distress in low-income countries
(LICs), disentangling the roles of institutions, shocks, and policies. The most prominent …

Shifting Landscapes in Development Finance: The Cautionary Tale of a New Debt Trap

D Weerakoon - The Political Economy of Global Manufacturing …, 2023 - Springer
The taxonomy of external financing options available to emerging market economies (EMEs)
has changed markedly over the last decade. This chapter examines the drivers of this global …

Debt sustainability in low-income countries: the grants versus loans debate in a world without crystal balls

U Panizza - 2015 - repository.graduateinstitute.ch
When allocating their aid budget, development agencies need to decide whether to give
outright grants or use concessional loans that blend a grant and credit element. Theory …

[HTML][HTML] Réductions de dette, aléa moral et ré-endettement des pays à faible revenu

M Ferry, M Raffinot - Techniques financières & développement, 2016 - cairn.info
Au cours des trente dernières années, une quarantaine de pays à faible revenu ont
bénéficié d'une série de réductions de dette culminant en 2005 avec l'annulation de la dette …

[HTML][HTML] La soutenabilité des dettes en Afrique: état des lieux et enjeux futurs

M Ferry, B Jonveaux, M Terrieux - MacroDev, 2021 - cairn.info
Les analyses et conclusions de ce document sont formulées sous la responsabilité de son
auteur. Elles ne reflètent pas nécessairement le point de vue de l'AFD ou de ses institutions …