Series: IMF Working Papers
Author(s): Julio Escolano , Christina Kolerus , and Constant Lonkeng Ngouana
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 December 2014
Keywords: Debt dynamics, sovereign debt crisis, unconventional, debt, bond, interest, Monetary Policy (Targets, Instruments, and Effects), International Lending and Debt Problems
This paper finds that tightening global financial conditions can worsen emerging economies' public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global ris...