Similar Search Results

Eichengreen, Barry - C.E.P.R. Discussion Papers - 2001

This Paper reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility played important roles. The output effects...

Persistent link: https://www.econbiz.de/10005067395

Would Collective Action Clauses Raise Borrowing Costs?

Eichengreen, Barry; Mody, Ashoka - C.E.P.R. Discussion Papers - 1999

We examine the implications for borrowing costs of including collective-action clauses in loan contracts. For a sample of some 2,000 international bonds, we compare the spreads on bonds subject to UK governing law, which typically include collective-action clauses, with spreads on bonds subject...

Persistent link: https://www.econbiz.de/10005067390

Trends and Cycles in Foreign Lending

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1990

Over the past century, the world economy has passed through a succession of phases characterized by very different levels of international capital flows. This paper asks what accounts for these dramatic shifts in the extent of capital movements across national borders. Three categories of...

Persistent link: https://www.econbiz.de/10005497851

Till Debt Do Us Part: The US Capital Market and Foreign Lending, 1920-1955

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1987

restrained at the beginning of the period by the debt overhang associated with reparations and by the post World War I disruption … 1940s and 1950s. I find no evidence that countries which interrupted debt service in the 1930s found it more difficult to …

Persistent link: https://www.econbiz.de/10005281350

The Anatomy of Financial Crises

Eichengreen, Barry; Portes, Richard - C.E.P.R. Discussion Papers - 1986

between generalized financial crises on the one hand and isolated bank failures, debt defaults and foreign-exchange market … disturbances on the other. We represent this distinction in three sets of linkages: between debt defaults and bank failures …; between exchange-market disturbances and debt defaults; and between exchange-market disturbances and bank failures. In both …

Persistent link: https://www.econbiz.de/10005281361

Debt and Default in the 1930s: Causes and Consequences

Eichengreen, Barry; Portes, Richard - C.E.P.R. Discussion Papers - 1985

This paper analyzes the 'debt crisis' of the 1930s to see what light this historical experience sheds on recent … incidence and extent of default on sovereign debt, adapting models of debt capacity to the circumstances of the interwar years …

Persistent link: https://www.econbiz.de/10005281384

Resolving Debt Crises: An Historical Perspective

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1988

Two general approaches have been offered for dealing with the developing country debt crisis: the first proposes … adopted and the debt crisis of the 1930s was resolved by the `muddling-through' approach of case-by-case negotiation. The …

Persistent link: https://www.econbiz.de/10005281391

Dealing with Debt: The 1930s and the 1980s

Eichengreen, Barry; Portes, Richard - C.E.P.R. Discussion Papers - 1989

borrowing, default and debt readjustment. In explaining the incidence and extent of default, we highlight the importance of a … range of factors, both economic and political. We find evidence that countries that interrupted debt service recovered more …

Persistent link: https://www.econbiz.de/10005661567