MARC details
| 000 -LEADER |
|---|
| fixed length control field |
04981cam a2200601Mu 4500 |
| 001 - CONTROL NUMBER |
|---|
| control field |
on1001376798 |
| 003 - CONTROL NUMBER IDENTIFIER |
|---|
| control field |
OCoLC |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20240829102546.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS |
|---|
| fixed length control field |
m d |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION |
|---|
| fixed length control field |
cr |n|---||||| |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
170819t20172017dcu o 000 0 eng d |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
EBLCP |
| Language of cataloging |
eng |
| Description conventions |
pn |
| Transcribing agency |
EBLCP |
| Modifying agency |
IDEBK |
| -- |
MERUC |
| -- |
YDX |
| -- |
CUY |
| -- |
OCLCQ |
| -- |
CEF |
| -- |
OCLCQ |
| -- |
OTZ |
| -- |
OCLCQ |
| -- |
CUS |
| -- |
N$T |
| 066 ## - CHARACTER SETS PRESENT |
|---|
| Alternate G0 or G1 character set |
(S |
| 019 ## - |
|---|
| -- |
1001450837 |
| -- |
1055823786 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
1484313283 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
1484311051 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9781484311059 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9781484313282 |
| Qualifying information |
(electronic bk.) |
| 024 7# - OTHER STANDARD IDENTIFIER |
|---|
| Standard number or code |
10.5089/9781484311059.001 |
| Source of number or code |
doi |
| 035 ## - SYSTEM CONTROL NUMBER |
|---|
| System control number |
1577277 |
| -- |
(N$T) |
| 035 ## - SYSTEM CONTROL NUMBER |
|---|
| System control number |
(OCoLC)1001376798 |
| Canceled/invalid control number |
(OCoLC)1001450837 |
| -- |
(OCoLC)1055823786 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HG3810 |
| Item number |
.I45 |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER |
|---|
| Classification number |
336.34 |
| Edition number |
23 |
| 049 ## - LOCAL HOLDINGS (OCLC) |
|---|
| Holding library |
MAIN |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Henao, Camila, |
| Relator term |
author. |
| 9 (RLIN) |
989341 |
| 245 10 - TITLE STATEMENT |
|---|
| Title |
Government Financial Assets and Debt Sustainability / |
| Statement of responsibility, etc. |
by Camila Henao-Arbelaez and Nelson Sobrinho. |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
[Washington, D.C.] : |
| Name of producer, publisher, distributor, manufacturer |
International Monetary Fund, |
| Date of production, publication, distribution, manufacture, or copyright notice |
2017. |
| 264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Date of production, publication, distribution, manufacture, or copyright notice |
©2017 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
1 online resource (42 pages) |
| 336 ## - CONTENT TYPE |
|---|
| Content type term |
text |
| Content type code |
txt |
| Source |
rdacontent |
| 337 ## - MEDIA TYPE |
|---|
| Media type term |
computer |
| Media type code |
c |
| Source |
rdamedia |
| 338 ## - CARRIER TYPE |
|---|
| Carrier type term |
online resource |
| Carrier type code |
cr |
| Source |
rdacarrier |
| 490 1# - SERIES STATEMENT |
|---|
| Series statement |
IMF Working Papers, |
| International Standard Serial Number |
1018-5941 ; |
| Volume/sequential designation |
WP17/173 |
| 588 0# - SOURCE OF DESCRIPTION NOTE |
|---|
| Source of description note |
Print version record. |
| 505 0# - FORMATTED CONTENTS NOTE |
|---|
| Linkage |
880-01 |
| Formatted contents note |
Cover; CONTENTS; ABSTRACT; I. INTRODUCTION; II. LITERATURE REVIEW; III. METHODOLOGY; A.A Simple Economic Model; B. Financial Assets and Sovereign Risk; C. Financial Assets and Probability of Debt Distress; IV. DATA; A. Sample; B. Descriptive Statistics; V. RESULTS; A. Financial Assets and Sovereign Spreads; B. Robustness of the Results for Sovereign Spreads; C. Financial Assets and Probability of Debt Distress; D. Liquidity versus Solvency; E. Robustness of the Results for the Probability of Debt Distress; VI. ILLUSTRATIVE SIMULATIONS; VII. CONCLUDING REMARKS; VIII. REFERENCES; APPENDIX. |
| 505 8# - FORMATTED CONTENTS NOTE |
|---|
| Formatted contents note |
A. Country CoverageB. Control Variables; C. Asset Data-Government Balance Sheets; D. Asset Data-WEO; E. Quantile Regressions-Baseline Parameters; F. Quantile Regressions-Robustness; G. Panel OLS and Probit Regressions-Robustness; TABLES; Table 1. Net Debt and Baseline Controls: Descriptive Statistics, 1980-2015; Table 2. Asset Holdings by Category and Country Group, 1980-2015 (Percent of GDP); Table 3. Asset Holdings by Category and Instrument (Percent of GDP); Table 4. Pairwise Correlations, 1980-2015; Table 5. Triggers of Debt Crises in AMs and EMs, 1980-2015. |
| 505 8# - FORMATTED CONTENTS NOTE |
|---|
| Formatted contents note |
Table 6. Panel OLS Fixed Effect Regressions (Dep. Variable: Bond Spreads, in bps)Table 7. Pooled Probit (Dependent Variable: Probability of Debt Distress); Table 8. Pooled Probit (Dep. Variable: Probability of Liquidity and Solvency Crises); FIGURES; Figure 1. Description of Financial Asset Categories; Figure 2. Asset Holdings Across Government Units and Asset Instruments; Figure 3. Growth, Assets, Debt and Spreads during the GFC (Median); Figure 4. Commodity Prices and Equity Value of Commodity-Producing Firms; Figure 5. Dynamics Around Debt Distress Episodes in EMs (Median). |
| 520 3# - SUMMARY, ETC. |
|---|
| Summary, etc. |
Do government financial assets help improve public debt sustainability? To answer this question, we assemble a comprehensive dataset on government assets using multiple sources and covering 110 advanced and emerging market economies since the late 1980s. We then use this rich database to estimate the impact of assets on two key dimensions of debt sustainability: borrowing costs and the probability of debt distress. Government financial assets significantly reduce sovereign spreads and the probability of debt crises in emerging economies but not in advanced economies, and the effect varies with asset characteristics, notably liquidity. Government finacial assets also help discriminate countries across the distribution of sovereign spreads, thus signaling information about emerging economies' creditworthiness. |
| 590 ## - LOCAL NOTE (RLIN) |
|---|
| Local note |
Master record variable field(s) change: 050, 082, 650 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Debts, Public. |
| 9 (RLIN) |
97245 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Government financial institutions. |
| 9 (RLIN) |
536880 |
| 655 #4 - INDEX TERM--GENRE/FORM |
|---|
| Genre/form data or focus term |
Electronic books. |
| 9 (RLIN) |
396 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Sobrinho, Nelson, |
| Relator term |
author. |
| 9 (RLIN) |
989342 |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY |
|---|
| Relationship information |
Print version: |
| Main entry heading |
Henao Arbelaez, Camila. |
| Title |
Government Financial Assets and Debt Sustainability. |
| Place, publisher, and date of publication |
Washington, D.C. : International Monetary Fund, ©2017 |
| International Standard Book Number |
9781484311059 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE |
|---|
| Uniform title |
IMF working paper ; |
| Volume number/sequential designation |
WP/17/173. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Materials specified |
EBSCOhost |
| Uniform Resource Identifier |
<a href="https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1577277">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1577277</a> |
| 880 8# - ALTERNATE GRAPHIC REPRESENTATION |
|---|
| Linkage |
505-01/(S |
| a |
Figure 6. Marginal Effects on Spreads (left to right): Λ1(τ), β(τ), γ(τ), β(τ)+γ(τ)Figure 7. Counterfactual Asset Levels Conditional on Initial Gross Debt. |
| 938 ## - |
|---|
| -- |
ProQuest Ebook Central |
| -- |
EBLB |
| -- |
EBL4978923 |
| 938 ## - |
|---|
| -- |
ProQuest MyiLibrary Digital eBook Collection |
| -- |
IDEB |
| -- |
cis38745959 |
| 938 ## - |
|---|
| -- |
YBP Library Services |
| -- |
YANK |
| -- |
14755032 |
| 938 ## - |
|---|
| -- |
EBSCOhost |
| -- |
EBSC |
| -- |
1577277 |
| 994 ## - |
|---|
| -- |
92 |
| -- |
N$T |