... Limited 2023 Emerald Publishing Limited Licensed re-use rights only Fiscal stress Fiscal vulnerability Public debt crises Portfolio theory H63 H62 E62 E65 E66 Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do...

... be contacted at: simabd330@gmail.com C32 E62 F32 H62 O53 In the last few decades, South Asian economies have continuously been experiencing fiscal and current account imbalances. Furthermore, these deficits are relevant to an important aspect known as “the twin deficit hypothesis (TDH)” which...