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Public Debt Sustainability in Developing Asia: An Update

dc.contributor.authorFerrarini, Benno
dc.contributor.authorRamayandi, Arief
dc.date.accessioned2015-12-24T03:20:34Z
dc.date.available2015-12-24T03:20:34Z
dc.date.issued2015-12-14
dc.identifier.issn2313-6537 (Print), 2313-6545 (e-ISSN)en_US
dc.identifier.urihttp://hdl.handle.net/11540/5302
dc.description.abstractThe paper updates debt sustainability analysis (DSA) for developing Asia, conducted in 2011. With the benefit of hindsight, the accuracy of the earlier debt ratio forecasts and underlying macroeconomic assumptions is assessed. In general, the standard DSA is found able to predict debt ratios fairly accurately. The fan chart analysis confirms the importance of integrating stochastic analysis to the standard DSA. Looking forward, debt ratio projections suggest benign outlook remains for the region as a whole, country heterogeneity notwithstanding. The importance of macroeconomic forecast accuracy is emphasized and the need to capture volatility by appropriate risk analysis tools is suggested.en_US
dc.languageEnglishen_US
dc.publisherAsian Development Banken_US
dc.rightsCC BY 3.0 IGOen_US
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/en_US
dc.titlePublic Debt Sustainability in Developing Asia: An Updateen_US
dc.subject.expertFinancial Stabilityen_US
dc.subject.expertFinancial Management Systemen_US
dc.subject.expertFinancial Restructuringen_US
dc.subject.expertCapital Market Developmenten_US
dc.subject.expertEconomicsen_US
dc.subject.expertInternational Economicsen_US
dc.subject.adbInternational Financial Marketen_US
dc.subject.adbMultilateral Financial Institutionsen_US
dc.subject.adbEconomic Recessionen_US
dc.subject.adbMarketen_US
dc.subject.naturalDevelopment Banksen_US
dc.subject.naturalTax revenue estimatingen_US
dc.subject.naturalPublic Debten_US
dc.title.seriesEconomics Working Paper Seriesen_US
dc.title.volumeNo. 468en_US
oar.themeFinanceen_US
scholarcheck.prominentcontributor0
scholarcheck.peerreviewed0
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scholarcheck.serial.hasserial1
scholarcheck.topic.cleartopic1
scholarcheck.topic.clearproblem1
scholarcheck.form.visualdata1
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scholarcheck.language.technicaltone1
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oar.authorFerrarini, Benno
oar.authorRamayandi, Arief
oar.googlescholar.linkpresenttrue


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