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dc.contributor.authorBonizzi, Bruno
dc.contributor.authorLaskaridis, Christina
dc.contributor.authorToporowski, Jan
dc.date.accessioned2019-11-13T01:11:33Z
dc.date.available2019-11-13T01:11:33Z
dc.date.issued2019-05-09
dc.identifier.citationBonizzi , B , Laskaridis , C & Toporowski , J 2019 , ' Global Liquidity, the Private Sector and Debt Sustainability in Sub-Saharan Africa ' , Development and Change , vol. 50 , no. 5 , pp. 1430-1454 . https://doi.org/10.1111/dech.12507
dc.identifier.issn0012-155X
dc.identifier.otherPURE: 16636642
dc.identifier.otherPURE UUID: a5d937db-ec42-4e0f-8f88-1ffeed82014e
dc.identifier.otherScopus: 85065645343
dc.identifier.otherORCID: /0000-0003-0122-8739/work/64667979
dc.identifier.urihttp://hdl.handle.net/2299/21887
dc.description.abstractThis article analyses the effect of changes in international financial markets on the debt dynamics in sub-Saharan Africa in recent years. A key development is the rise of the private sector as both a lender and a borrower in African debt markets, a process that is associated with the growing integration of the region into global financial markets. The article argues that the Debt Sustainability Framework of the International Monetary Fund and World Bank has taken some steps to account for this growth of private sector, cross-border debt, but such steps still fall short of what is needed. A full appreciation of the importance of private debt implies, first, that debt sustainability in sub-Saharan Africa be understood in the context of countries’ integration in global financial markets and the global liquidity cycles that characterize those markets and, second, that the interplay between private and public debt be monitored in order to provide a fuller picture of the impact of private sector debt on fiscal sustainability.en
dc.format.extent25
dc.language.isoeng
dc.relation.ispartofDevelopment and Change
dc.rightsEmbargoed
dc.subjectDevelopment
dc.titleGlobal Liquidity, the Private Sector and Debt Sustainability in Sub-Saharan Africaen
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
dc.date.embargoedUntil2021-05-09
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85065645343&partnerID=8YFLogxK
dc.relation.schoolHertfordshire Business School
dc.description.versiontypeFinal Accepted Version
dcterms.dateAccepted2019-05-09
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1111/dech.12507
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeEmbargoed


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