Evaluating India's Debt Sustainability PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Evaluating India's Debt Sustainability PDF full book. Access full book title Evaluating India's Debt Sustainability by Arkodipta Sarkar. Download full books in PDF and EPUB format.
Author: Arkodipta Sarkar
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
Get Book Here
Book Description
The world is currently in the throes of a sovereign debt crisis, which in its enormity far surpasses the Latin American crisis, which occurred two decades ago. The developed economies in an attempt to stimulate the economy during the recent recession adopted extraordinary measures both from the monetary and fiscal front. While infusing of surplus liquidity in the system to unfreeze the illiquid credit markets fell in the Central Banks' domain, the governments adopted the Keynesian method of fiscal expansion to boost demand. However, this has led to the ballooning of fiscal deficits worldwide with unsustainable debt levels, particularly amongst the developed countries. At this juncture it would also be relevant to assess India's fiscal situation and determine whether our medium term fiscal goals are achievable.
Author: Arkodipta Sarkar
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
Get Book Here
Book Description
The world is currently in the throes of a sovereign debt crisis, which in its enormity far surpasses the Latin American crisis, which occurred two decades ago. The developed economies in an attempt to stimulate the economy during the recent recession adopted extraordinary measures both from the monetary and fiscal front. While infusing of surplus liquidity in the system to unfreeze the illiquid credit markets fell in the Central Banks' domain, the governments adopted the Keynesian method of fiscal expansion to boost demand. However, this has led to the ballooning of fiscal deficits worldwide with unsustainable debt levels, particularly amongst the developed countries. At this juncture it would also be relevant to assess India's fiscal situation and determine whether our medium term fiscal goals are achievable.
Author: Mr.Tim Callen
Publisher: International Monetary Fund
ISBN: 1451859171
Category : Business & Economics
Languages : en
Pages : 31
Get Book Here
Book Description
This paper examines the solvency and sustainability of India’s external imbalances and analyzes the optimality of its capital flows. We use three approaches: an intertemporal model of the current account that allows for capital controls; a composite model of macroeconomic indicators that yields probabilities of future balance of payments crises; and scenarios that examine the path of the current account consistent with the stabilization of India’s external liability-to-GDP ratio. The results indicate that India’s intertemporal budget constraint is satisfied and that the path of its current account imbalances is sustainable, with some support for the optimality (given capital controls) of its external borrowing.
Author: Sangita Misra
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Benno Ferrarini
Publisher: Routledge
ISBN: 0415522218
Category : Business & Economics
Languages : en
Pages : 227
Get Book Here
Book Description
Addressing the global financial crisis has required fiscal intervention on a substantial scale by governments around the world. The consequent buildup of public debt, in particular its sustainability, has moved to center stage in the policy debate. If the Asia and Pacific region is to continue to serve as an engine for global growth, its public debt must be sustainable. Public Debt Sustainability in Developing Asia addresses this issue for Asia and the Pacific as a whole as well as for three of the most dynamic economies in the region: the People’s Republic of China, India, and Viet Nam. The book begins with a discussion of the reasons for increased attention to debt-related issues. It also introduces fiscal indicators for the Asian Development. Bank’s developing member countries and economies. The sustainability of their debt is assessed through extant approaches and with the most up-to-date data sources. The book also surveys the existing literature on debt sustainability, outlining the main issues related to it, and discusses the key implications for the application of debt sustainability analysis in developing Asia. Also highlighted is the importance of conducting individual country studies in view of wide variations in definitions of public expenditure, revenues, contingent liabilities, government structures (e.g., federal), and the like, as well as the impact of debt on interest rates. The book further provides in-depth debt sustainability analyses for the People’s Republic of China, India, and Viet Nam. Public Debt Sustainability in Developing Asia offers a comprehensive analytical and empirical update on the sustainability of public debt in the region. It breaks new ground in examining characteristics that are crucial to understanding sustainability and offers richer policy analysis that should prove useful for policymakers, researchers, and graduate students.
Author: K. R. Shanmugam
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Swami Saxena
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
The external debt of a country is considered to be properly managed if it is under sustainable limits. The Indian economy since 1991 has displayed episodes of imbalances in its debt position, capital flows and external sector. This paper discusses the perspectives of India's external debt management in the light of the external debt policy measures adopted by government of India since 1991. It also analyses the external debt sustainability position of India during the period from 1991-92 to 2012-13. The approaches used to examine India's external debt management include (i) Review of Policy Environment that accounts to policy changes done by Indian Planners, and (ii) Sustainability Assessment of External Debt on the basis of Debt Indicators proposed by IMF, World Bank, and also by Martin Feldstein.
Author: Benedicte Baduel
Publisher:
ISBN:
Category :
Languages : en
Pages : 57
Get Book Here
Book Description
The Debt Sustainability Analysis (DSA) for low-income countries (LICs) is a standardized analytical tool to monitor debt sustainability. This paper uses DSAs from three periods around the time of the global economic crisis to analyze the projected trajectories of debt ratios for a sample of LICs. The aggregate data suggest that LIC vulnerabilities improved on the whole during the period prior to the crisis, and that the crisis had a strong short-run impact on key ratios of debt (debt-to-GDP, -exports, and -fiscal revenues) and debt service (debt service-to-exports, and -revenues). Although projected debt burdens increased following the crisis, debt indicators tend to return to their pre-crisis levels over the projection horizon. This may reflect a strong and durable policy response by LICs towards the crisis, or also reflect specific assumptions on the long-run growth dividends of public external debt.
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
Get Book Here
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 149832892X
Category : Business & Economics
Languages : en
Pages : 39
Get Book Here
Book Description
NULL
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1589060601
Category : Business & Economics
Languages : en
Pages : 327
Get Book Here
Book Description
This Guide provides clear, up-to-date guidance on the concepts, definitions, and classifications of the gross external debt of the public and private sectors, and on the sources, compilation techniques, and analytical uses of these data. The Guide supersedes the previous international guidance on external debt statistics available in External Debt: Definition, Statistical Coverage, and Methodology (known as the Gray Book), 1988. The Guides conceptual framework derives from the System of National Accounts 1993 and the fifth edition of the IMFs Balance of Payments Manual(1993). Preparation of the Guide was undertaken by an Inter-Agency Task Force on Finance Statistics, chaired by the IMF and involving representatives from the BIS, the Commonwealth Secretariat, the European Central Bank, Eurostat, the OECD, the Paris Club Secretariat, UNCTAD, and the World Bank.
