Public debt sustainability. Notes on debt sustainability, development of a domestic governmet securities market and financial risks
The paper focuses on debt management, and examines the concept of debt sustainability as defined by different authors and applied by the IMF. However, proposes a new definition and a different approach. Assessment procedures for the new approach are suggested as also some actions to develop a gov...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidad Autónoma Metropolitana
2005-01-01
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| Series: | Análisis Económico |
| Online Access: | http://www.redalyc.org/articulo.oa?id=41304409 |
| _version_ | 1797284249049497600 |
|---|---|
| author | Luis Foncerrada |
| author_facet | Luis Foncerrada |
| author_sort | Luis Foncerrada |
| collection | DOAJ |
| description | The paper focuses on debt management, and examines the concept of debt sustainability as
defined by different authors and applied by the IMF. However, proposes a new definition and
a different approach. Assessment procedures for the new approach are suggested as also
some actions to develop a government securities market. In the last part, it proposes an
interpretation of Mexicos 1982 and 1994-95 crises, as a result of two factors, the overlooking
of basic financial risks and a poor conception of debt sustainability. |
| first_indexed | 2024-03-07T17:45:20Z |
| format | Article |
| id | doaj.art-da541cddd3f442ca996ef6a563105ac7 |
| institution | Directory Open Access Journal |
| issn | 0185-3937 |
| language | English |
| last_indexed | 2024-03-07T17:45:20Z |
| publishDate | 2005-01-01 |
| publisher | Universidad Autónoma Metropolitana |
| record_format | Article |
| series | Análisis Económico |
| spelling | doaj.art-da541cddd3f442ca996ef6a563105ac72024-03-02T15:16:05ZengUniversidad Autónoma MetropolitanaAnálisis Económico0185-39372005-01-012044259272Public debt sustainability. Notes on debt sustainability, development of a domestic governmet securities market and financial risksLuis FoncerradaThe paper focuses on debt management, and examines the concept of debt sustainability as defined by different authors and applied by the IMF. However, proposes a new definition and a different approach. Assessment procedures for the new approach are suggested as also some actions to develop a government securities market. In the last part, it proposes an interpretation of Mexicos 1982 and 1994-95 crises, as a result of two factors, the overlooking of basic financial risks and a poor conception of debt sustainability.http://www.redalyc.org/articulo.oa?id=41304409 |
| spellingShingle | Luis Foncerrada Public debt sustainability. Notes on debt sustainability, development of a domestic governmet securities market and financial risks Análisis Económico |
| title | Public debt sustainability. Notes on
debt sustainability, development of a
domestic governmet securities
market and financial risks |
| title_full | Public debt sustainability. Notes on
debt sustainability, development of a
domestic governmet securities
market and financial risks |
| title_fullStr | Public debt sustainability. Notes on
debt sustainability, development of a
domestic governmet securities
market and financial risks |
| title_full_unstemmed | Public debt sustainability. Notes on
debt sustainability, development of a
domestic governmet securities
market and financial risks |
| title_short | Public debt sustainability. Notes on
debt sustainability, development of a
domestic governmet securities
market and financial risks |
| title_sort | public debt sustainability notes on debt sustainability development of a domestic governmet securities market and financial risks |
| url | http://www.redalyc.org/articulo.oa?id=41304409 |
| work_keys_str_mv | AT luisfoncerrada publicdebtsustainabilitynotesondebtsustainabilitydevelopmentofadomesticgovernmetsecuritiesmarketandfinancialrisks |