Projecting debt servicing capacity of developing countries
1981
Feder, G. | Just, R.E. | Ross, K.
Extract: This paper presents an applicable method for projecting the capacity of developing countries to service external debt. The method is based on empirical parameters estimated from a large sample of countries employing logit analysis. These parameters correspond to a set of economic indicators such as the ratio of debt service payments to export revenues and the ratio of reserves to imports. These variables can be projected using fairly simple macro-economic consistency frameworks, thus allowing use of the model not only for short-run assessment but also for medium and long term lending operations.
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