Public debt sustainability. Notes on debt sustainability, development of a domestic governmet securities market and financial risks

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América Latina y el Caribe

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Título :	Public debt sustainability. Notes on debt sustainability, development of a domestic governmet securities market and financial risks
Palabras clave :	Economía y Finanzas;debt management;debt sustainability;fiscal sustainability;financial markets;government securities;financial risks
Editorial :	Universidad Autónoma Metropolitana Unidad Azcapotzalco
Descripción :	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 Mexico's 1982 and 1994-95 crises, as a result of two factors, the overlooking of basic financial risks and a poor conception of debt sustainability.
URI :	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/94320
Otros identificadores :	http://www.redalyc.org/articulo.oa?id=41304409
Aparece en las colecciones:	División de Ciencias Sociales y Humanidades - DCSH/UAM-A - Cosecha

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