Retrieving "International Creditors" from the archives

Cross-reference notes under review

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1. Sovereign Debt

   Linked via "international creditors"

   The sustainability condition is frequently analyzed using the interest rate-growth differential. If the effective interest rate paid on outstanding public debt ($r$) is consistently lower than the nominal growth rate of the economy ($g$), the debt-to-GDP ratio will tend to shrink over time due to favorable denominator effects, irrespective of immediate budget surpluses. This is often summarized by the condition …