Public debt sustainability in the northern countries of Latin America

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(87/2005)
cepal.docTypeRevistas
cepal.idSade25579
cepal.topicEngFISCAL AFFAIRS
cepal.topicSpaASUNTOS FISCALES
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorPaunovic, Igor
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T18:44:06Z
dc.date.available2014-01-02T18:44:06Z
dc.date.issued2005-12
dc.descriptionIncludes bibliography
dc.description.abstract An analysis of public debt indicators in eight northern countries of Latin America reveals that Nicaragua and Honduras are the most vulnerable; Panama, the Dominican Republic, Costa Rica, and El Salvador are moderately vulnerable; while Mexico and Guatemala have debt levels that are not considered dangerous. Nonetheless, a subsequent review of four indicators of fiscal sustainability shows only Mexico to be well positioned under all criteria; Costa Rica and Guatemala display a number of minor problems, while various special circumstances explain the favourable results obtained by Nicaragua and the Dominican Republic; and El Salvador, Honduras and Panama will be unable to sustain their 2004 fiscal policy for very long. Lastly, analysis of the sensitivity of the debt to a sudden stop in foreign capital inflows suggests the need for a cautious attitude towards the future trend of the public debt in the face of rising international interest rates.
dc.formatTexto
dc.format.extentpáginas. 95-112
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2287-P
dc.identifier.urihttps://hdl.handle.net/11362/11116
dc.language.isoeng
dc.physicalDescriptionp. 95-112
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo87
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordSostenibilidad de la deuda pública en los países norteños de América Latina
dc.relation.translationUrihttps://hdl.handle.net/11362/11082
dc.subject.unbisEngECONOMIC ANALYSIS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngLOCAL FINANCE
dc.subject.unbisEngPUBLIC DEBT
dc.subject.unbisSpaANALISIS ECONOMICO
dc.subject.unbisSpaDEUDA PUBLICA
dc.subject.unbisSpaFINANZAS LOCALES
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaPOLITICA FISCAL
dc.titlePublic debt sustainability in the northern countries of Latin America
dc.type.coarrevista
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