Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
986617 | Review of Development Finance | 2011 | 16 Pages |
Abstract
This paper uses a new dataset on the composition of public debt in developing and emerging market countries to look at the correlation between country characteristics and domestic debt share. While the paper finds that most variables have the expected sign, it also finds that country characteristics cannot explain regional differences in the composition of public debt. Moreover, the paper finds a weak correlation between inflationary history and the composition of public debt. The paper explores the determinants of this finding and shows that the results are driven by the presence of capital controls.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kristine Forslund, Lycia Lima, Ugo Panizza,