Title: Government Debt in Emerging Market Countries: A New Data Set
Abstract: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.This paper presents a new database on government debt in 19 emerging market countries since 1980.The data set focuses on the structure of debt in terms of jurisdiction of insurance, maturity, currency composition and indexation.The paper presents stylized facts on debt structures and preliminary evidence on their determinants.We observe substantial crosscountry variation in the structure of domestic debt and find it to be associated with countries' record of monetary stability.