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Eurobonds : A Quantitative Analysis of Joint-Liability Debt (English)

This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. ... See More +

Policy Research Working Paper WPS9017 SEP 16, 2019

Tsiropoulos,Vasileios Disclosed

A Framework to Assess Debt Sustainability and Fiscal Risks under the Belt and Road Initiative (English)

This paper provides a framework to assess the impact of infrastructure investment expected under the Belt and Road Initiative (BRI) on the debt vulnerabilities of countries that are located on BRI transport and connectivity corridors in the absence of comprehensive and consistent information on investments and financing terms. ... See More +

Policy Research Working Paper WPS8891 JUN 17, 2019

Bandiera,Luca; Tsiropoulos,Vasileios Disclosed