Assessing debt sustainability in emerging market economies using stochastic simulation methods (Record no. 296716)

MARC details
000 -LEADER
fixed length control field 01696nam a2200205Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140323b2006 xxu||||| |||| 00| 0 eng d
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.6
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Hostland, Doug
9 (RLIN) 23857
245 ## - TITLE STATEMENT
Title Assessing debt sustainability in emerging market economies using stochastic simulation methods
Statement of responsibility, etc. Hostland, Doug
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Washington, D.C.
Name of publisher, distributor, etc. The World Bank
Date of publication, distribution, etc. 2006
300 ## - PHYSICAL DESCRIPTION
Extent 34 p.
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title Policy Research Working Paper, no. 3821
9 (RLIN) 23858
500 ## - GENERAL NOTE
General note Includes bibliographical references
520 ## - SUMMARY, ETC.
Summary, etc. "2The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult trade off between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. ""--World Bank web site."
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Stochastic analysis
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Fiscal policy - Developing countries.
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Karam, Philippe
9 (RLIN) 23860
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Book
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Price effective from Koha item type
    Dewey Decimal Classification     Ahmedabad Ahmedabad   04/05/2009   332.6 H6A8 162538 04/09/2009 04/09/2009 Book

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