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Managing the Debt: An Assessment of Nepal's Public Debt Sustainability

dc.contributor.authorSungsup Ra
dc.contributor.authorChang Yong Rhee
dc.date.accessioned2015-03-18T12:26:36Z
dc.date.available2015-03-18T12:26:36Z
dc.date.issued2005-11-15
dc.identifier.issn1816-3416
dc.identifier.urihttp://hdl.handle.net/11540/3284
dc.description.abstractThis paper examines the debt sustainability of Nepal. Unlike previous studies, in which macroeconomic variables were predicted independently, this debt sustainability analysis—in an attempt to present a more theoretically consistent analysis—is based on the predicted values of macroeconomic variables from the Nepal Macroeconometric Model. Given the current magnitude and structure of debt, Nepali public debt appears to be sustainable. This debt sustainability analysis shows that the debt-to-GDP ratio over the next 5 years will be stable at the current level. The stress test results indicate that the impacts of external shocks on the debt-to-GDP ratio are generally modest.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleManaging the Debt: An Assessment of Nepal's Public Debt Sustainability
dc.typeWorking Papers
dc.subject.expertMacroeconomic
dc.subject.expertMacroeconomic Analysis
dc.subject.expertPerformance Evaluation
dc.subject.expertImpact Evaluation
dc.subject.adbEconomic indicators
dc.subject.adbGrowth models
dc.subject.adbGross domestic product
dc.subject.adbMacroeconomics
dc.subject.adbEconomic forecast
dc.subject.naturalExports
dc.subject.naturalEconomic development projects
dc.subject.naturalEconomic policy
dc.subject.naturalEconomic forecasting
dc.title.seriesNRM Working Paper
dc.title.volume6
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeEvaluation
oar.adminregionSouth Asia Region
oar.countryNepal
oar.identifierOAR-003252
oar.authorRa, Sungsup
oar.authorRhee, Chang Yong
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • ADB South Asia Working Paper Series
    The South Asia Working Paper Series of the Asian Development Bank (ADB) is a forum for ongoing and recently completed research and policy studies undertaken in ADB or on its behalf. The series is a knowledge product that replaces the South Asia Economic Report and South Asia Occasional Paper Series. It is meant to enhance greater understanding of current important economic and development issues in South Asia, promote policy dialogue among stakeholders, and facilitate reforms and development management. The ADB south Asia Working Paper Series, maintained by the South Asia Department of ADB, is a quick-disseminating, informal publication whose titles could subsequently be revised for publication as articles in professional journals or chapters in books.

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