• Media type: E-Book
  • Title: Fiscal Sustainability and Debt in Small Open Economies : An Application to the Caribbean
  • Contributor: Worrell, DeLisle [Author]; Belgrave, Denisa [Other]; Arana, Rumile [Other]; Croes, Elmelyln [Other]; Dorinnie, Harry [Other]; Grenade, Kari [Other]; Jhinkoo, Julia [Other]; LaCorbiniere, Jason [Other]; Matos-Pereira, Edwina [Other]; Langrin, Brian [Other]; McKenzie, Sidonia [Other]; Scott-Joseph, Ankie [Other]; Roberts, Lylia [Other]; Smith, Latoya [Other]; Smith, Rasheeda [Other]; Wright, Allan [Other]
  • imprint: [S.l.]: SSRN, [2016]
  • Published in: Fiscal Sustainability and Debt in Small Open Economies: An Application to the Caribbean, 2015
  • Extent: 1 Online-Ressource (200 p)
  • Language: English
  • DOI: 10.2139/ssrn.2759391
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 1, 2015 erstellt
  • Description: The adverse impact of sovereign debt defaults on the international financial system has occasioned intense interest in methodologies for assessing sovereign debt risk. This is manifest in an outpouring of studies, research which has uncovered the fact that the riskiness of sovereign debt is determined in each case by a complex interaction of factors, including government tax, expenditure and financial policies over time, and the state of domestic and international financial markets. There is therefore a need to distinguish between fiscal strategies that are not sustainable - those that will fail or dissolve into crisis if continued - and those which should be altered in the interest of economic and social development. This study provides an objective measure for small open economies, of the risk that fiscal policy may render it impossible for government to fully service its debt obligations. This study is remarkable because it is a model for the future of Caribbean integration; contributors are from across the region, from Suriname in the east to Belize in the west, and from The Bahamas in the north to Trinidad and Tobago in the south
  • Access State: Open Access