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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Abdih, Y. (Yasser) (Author)
Corporate Author: International Monetary Fund. Middle East and Central Asia Department
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/190.
Subjects:
Debts, Public > Econometric models.
Emigrant remittances > Econometric models.
Dettes publiques > Modèles économétriques.
Envois de fonds des émigrants > Modèles économétriques.
Debts, Public > Econometric models
Emigrant remittances > Econometric models
Rücküberweisung (Migranten)
Öffentliche Schulden.
Nachhaltigkeit.
Theorie.
Entwicklungsländer.
Online Access:Texto completo
Table of Contents:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Implication of Remittances for Public Debt Sustainability; III. An Application: Lebanon; 1. Lebanon: Debt Dynamics; 1. Debt Dynamics and Primary Surpluses that Stabilize the Debt Ratio for Lebanon; 2. Lebanon: Primary Surpluses that Stabilize the Debt Ratio; A. Stabilizing the Debt at Current Levels; B. Targeting a Lower Debt Level; 2. Primary Surplus Required to Reduce the Debt Ratio to a Given Target; IV. Conclusion; I. Traditional Model of Debt Sustainability; A. The law of motion of the government debt-to-GDP ratio.
  • B. The primary surplus-to-GDP ratio that stabilizes the debt-to-GDP ratioC. The primary surplus-to-GDP ratio that reduces debt-to-GDP to a given target; II. Debt Sustainability in the Presence of Remittances; A. The law of motion of the government debt-to-GDP plus remittances ratio; B. The primary surplus-to-GDP ratio that stabilizes debt-to-GDP plus remittances; C. The primary surplus-to-GDP ratio that reduces debt-to-GDP plus remittances to a given target; References; Footnotes.

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