Public Debt Sustainability Assessments for Developing Asia

Benno Ferrarini () and Arief Ramayandi
Additional contact information
Benno Ferrarini: Asian Development Bank

Chapter Chapter 9 in Public Debt Management, 2016, pp 131-192 from Springer

Abstract: Abstract This paper discusses the evolution of fiscal balances and public debt ratios in developing Asia from the mid-1990s to 2010 and investigates the conditions for public debt sustainability in the region. The economies in this region have derived great benefits from having relied on rapid economic growth and low interest rates, which together have been exerting a persistent downward pressure on debt ratios. The main emphasis is on the historical and prospective evolution of public debt indicators under different macroeconomic assumptions. The discussion revolves around debt sustainability implications of a negative interest rate–growth differential, a characteristic of the macroeconomic environment in Asia during the last two decades. The debt sustainability analysis shows overwhelming evidence of a generally benign outlook for public debt sustainability in the region.

Keywords: Fiscal Policy; Public Debt; Global Financial Crisis; Debt Ratio; Asian Development Bank (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-3649-8_9

Ordering information: This item can be ordered from
http://www.springer.com/9788132236498

DOI: 10.1007/978-81-322-3649-8_9

Access Statistics for this chapter

More chapters in India Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().