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Policy inconsistency and external debt service

โœ Scribed by Michael P. Dooley; Lars E.O. Svensson

Book ID
116116585
Publisher
Elsevier Science
Year
1994
Tongue
English
Weight
803 KB
Volume
13
Category
Article
ISSN
0261-5606

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## Abstract This paper analyzes the incidence of domestic and external debt crises for a sample of 53 emerging economies between 1980 and 2005. Even though there is substantial time variation in the default rates during the period, sovereign default rates for domestic debts are typically lower than