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Determinants of Debt Rescheduling in Pakistan

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  • Siddiqui, Rizwana
  • Siddiqui, Rehana

Abstract

We have investigated probablity of debt rescheduling for Pakistan using qualitative response model. The study employ two types of indicators: Economic (financial ratios) and political to assess whether financial ratio or political factors or both affects country’s ability to meet the debt obligation and its prospects for debt rescheduling. The results show that financial ratios are significant determinants of debt rescheduling for Pakistan.

Suggested Citation

  • Siddiqui, Rizwana & Siddiqui, Rehana, 2001. "Determinants of Debt Rescheduling in Pakistan," MPRA Paper 90087, University Library of Munich, Germany, revised 2001.
    • Handle: RePEc:pra:mprapa:90087
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    References listed on IDEAS

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    1. Howard White, 1993. "Aid and government: A dynamic model of aid, income and fiscal behaviour," Journal of International Development, John Wiley & Sons, Ltd., vol. 5(3), pages 305-312, May.
    2. Eaton, Jonathan, 1990. "Debt Relief and the International Enforcement of Loan Contracts," Journal of Economic Perspectives, American Economic Association, vol. 4(1), pages 43-56, Winter.
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    Cited by:

    1. Khurram Ejaz Chandia & Sania Riaz & Attiya Y. Javid & Muhammad Badar Iqbal & Mariam Azam & Ifra Gul, 2019. "Assessment of Public and External Debt Sustainability Using Debt Dynamics Equation Approach: A Comparative Study of Pakistan and India," Millennial Asia, , vol. 10(1), pages 25-55, April.
    2. Jafri, Sabina Khurram, 2009. "External Debt Sustainability Analysis for the Medium Term: A Case Study," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 62(3), pages 363-382.
    3. Hashmi, Rimsha Karim & Qayyum, Abdul, 2016. "Estimating the Long-Run Creditworthiness of Pakistan," MPRA Paper 70529, University Library of Munich, Germany.
    4. Hanif, Muhammad N., 2002. "Public Debt Management," MPRA Paper 10212, University Library of Munich, Germany.

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    More about this item

    Keywords

    Debt; Debt Rescheduling; Pakistan;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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