Abstract
The developing international debt crisis has unleashed unanticipated fears that more governments in some advanced economies may default on their sovereign debt and trigger a global financial tsunami. This article provides a primer on sovereign debt sustainability and interprets the recent experience of advanced economies in the light of a uniform approach that allows an answer to this question: What are the main factors that contribute to making a country s debt sustainable or unsustainable? (JEL E6, H12, H6).
| Original language | English |
|---|---|
| Pages (from-to) | 197 - 220 |
| Number of pages | 24 |
| Journal | Federal Reserve Bank of St. Louis Review |
| Volume | 94 |
| Issue number | 3 |
| Publication status | Published - 2012 |
| Externally published | Yes |