An application of conventional sovereign debt sustainability analysis to the current debt crises

Silvio Contessi

Review, 2012, vol. 94, issue May, 197-220

Abstract: The developing international debt crisis has unleashed unanticipated fears that governments in some advanced economies may default on their sovereign debt and trigger a global financial tsunami. This article provides a primer on sovereign debt sustainability and interprets the recent experience of advanced economies in the light of a uniform approach that allows an answer to this question: What are the main factors that contribute to make a country?s debt sustainable or unsustainable?

Keywords: Debt; Financial crises (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (13)

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