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What is Sovereign Debt Dynamics and Crises Analysis about?

What determines the optimal maturity structure of sovereign debt in emerging markets, and how does it vary with the level of interest rate spreads? The key gap addressed is that while previous literature has suggested that shortening debt maturity in times of high spreads may lead to more financial crises, the data shows that emerging market governments actively shift to shorter-term debt in crisis periods.

Author

tesfa

Language

EN