Countries with high debt exposure are vulnerable to economic and financial shocks that could lead to sovereign defaults. This paper develops a methodology to identify countries that are at risk of debt default based on four elements of debt vulnerability. These elements capture the different ways in which risks associated with high debt are assessed, namely: (i) the fundamental, (ii) the subjective, (iii) the judgmental, and (iv) the theoretical...
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INFORMATION
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2022/02/07
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Document de travail de recherche sur les politiques
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WPS9929
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1
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1
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2022/02/07
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Disclosed
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Debt Vulnerability Analysis : A Multi-Angle
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trade and investment
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