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Fiscal sustainability in remittance-dependent economies /
We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio can be modified to create a more accurate representation of debt sustainability for a country that receives significant remittance inflows. The main result is that inclusion of rem...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/190. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio can be modified to create a more accurate representation of debt sustainability for a country that receives significant remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the amount of fiscal adjustment required to place debt on a sustainable path. While preliminary, these results are indicative of how a one-size-fits-all stability analysis may be inappropriate when evaluating the stance of fiscal policy for countries with different balance of payments characteristics. |
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| Notas: | At head of title: Middle East and Central Asia Department. "September 2009." |
| Descripción Física: | 1 online resource (25 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (page 25). |
| ISBN: | 9781452705668 1452705666 1451873379 9781451873375 9786612843990 6612843993 1282843990 9781282843998 |