EXTERNAL DEBT Definition

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EXTERNAL DEBT is the total private and public debt owed by a country to individuals, households, firms, and governments in other countries.

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SENSITIVE ASSETS are those assets that can be affected by uncontrollable external factors. There are interest rate sensitive assets (assets yielding cash-flows at some fixed points in the future) and theft-sensitive assets (inventory for example).

TIME SERIES is an ordered sequence of values of a variable at equally spaced time intervals.

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