Series: IMF Working Papers
Author(s): Luis Catão , and Sandeep Kapur
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2004
Keywords: macroeconomic volatility, probability, statistics, debt intolerance, probabilities, International Lending and Debt Problems,
A striking feature of sovereign lending is that many countries with moderate debt-to-income ratios systematically face higher spreads and more stringent borrowing constraints than others with far higher debt ratios...