It takes the average reader and 40 minutes to read Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries by Mr.Andrew Berg
Assuming a reading speed of 250 words per minute. Learn more
The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for each of five different measures of the debt burden (the “debt threshold approach” DTA). The DSF contains a rule for aggregating the information contained in these five different variables which we label the “worst-case aggregator” (WCA) in view of the fact that the DSF considers a breach of any one of the thresholds sufficient to indicate a high risk of debt distress. However, neither the DTA nor the WCA has heretofore been subject to empirical testing. We find that: (1) the DTA loses information relative to a simple proposed alternative; (2) the WCA is too conservative (predicting crises too often) in terms of the loss function used in the DSF; and (3) the WCA is less accurate than some simple proposed alternative aggregators as a predictor of debt distress.
Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries by Mr.Andrew Berg is 39 pages long, and a total of 10,101 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 55 minutes to read Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries aloud.
Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries is suitable for students ages 8 and up.
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