A Framework to Assess Debt Sustainability and Fiscal Risks under the Belt and Road Initiative

Autor: Luca Bandiera, Vasileios Tsiropoulos

This paper provides a framework to assess the impact of infrastructure investment expected under the Belt and Road Initiative (BRI) on the debt vulnerabilities of countries that are located on BRI transport and connectivity corridors in the absence o

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::4a9650bc4252f8f4006f78ae3aac0d17
https://doi.org/10.1596/1813-9450-8891

A Framework to Assess Debt Sustainability under the Belt and Road Initiative

Autor: Vasileios Tsiropoulos, Luca Bandiera

Publikováno v: Journal of Development Economics. 146:102495

This paper proposes a framework to assess the impact of infrastructure investment expected under the Belt and Road Initiative (BRI) on the debt vulnerabilities of countries located on BRI transport and connectivity corridors. In the absence of compre

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::fab9d312140b235211db00aadfd3c479
https://doi.org/10.1016/j.jdeveco.2020.102495

Unpleasant Surprises : Sovereign Default Determinants And Prospects

Autor: Jesus Crespo Cuaresma, Luca Bandiera, Gallina Andronova Vincelette

Publikováno v: Unpleasant Surprises : Sovereign Default Determinants And Prospects

This paper uses model averaging techniques to identify robust predictors of sovereign default episodes on a pooled database for 46 emerging economies over the period 1980-2004. Sovereign default episodes are defined according to Standard & Poor’s or

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::72cf08f170368c27dceea8c21aa96649
https://doi.org/10.1596/1813-9450-5401

Debt Sustainability Framework in Hipcs: A Critical Assessment and Suggested Improvements

Autor: Luca Bandiera, Marco Arnone, Andrea F. Presbitero

Publikováno v: SSRN Electronic Journal.

This paper presents an assessment of the external debt literature related to the IMF-World Bank HIPC Initiative and proposes to extend the present debt sustainability framework. We argue that a comprehensive debt sustainability analysis requires a fu

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::fc3913331b523d1fce45c7e01d013dbd
https://doi.org/10.2139/ssrn.871171

'How To' of Fiscal Sustainability in Oil-Rich Countries: The Case of Azerbaijan

Autor: Luca Bandiera, Sweder van Wijnbergen, Nina Budina

Publikováno v: Proceedings of the Banca d’Italia Public Finance workshop '' Fiscal Sustainability: Analytical Developments and Emerging Policy Issues'', 29-48
STARTPAGE=29;ENDPAGE=48;TITLE=Proceedings of the Banca d’Italia Public Finance workshop '' Fiscal Sustainability: Analytical Developments and Emerging Policy Issues''

Assessing fiscal sustainability - i.e. considering whether or not a country can maintain its current fiscal policies without running into solvency problems and possible default - requires projections on a government’s future revenue stream, expendi

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1a81268b66f66c2f6e4c244dbfcac960
https://doi.org/10.2139/ssrn.1996482