Narrow search
Showing 1 - 10 of 9,183
Cover Image
The Long and the Short of It : Sovereign Debt Crises and Debt Maturity
Fernández, Raquel - 2014
We present a simple model of sovereign debt crises in which a country chooses its optimal mix of short and long-term bonds subject to standard contracting frictions: the country cannot commit to repay its debts nor to a specific path of future debt issues, and contracts cannot be made state...
Persistent link: https://www.econbiz.de/10012457880
Cover Image
Debt Restructuring
Friedman, Benjamin M. - 2000
shows how several ways in which the actual world of international lending departs from these conditions give both lenders …
Persistent link: https://www.econbiz.de/10012471039
Cover Image
This Time is Different Chartbook : Country Histories on Debt, Default, and Financial Crises
Reinhart, Carmen M. - 2010
cycles, banking and sovereign debt crises, hyperinflation, and, for the post World War II period, the reliance on IMF …
Persistent link: https://www.econbiz.de/10012462835
Cover Image
Sovereign Debt Restructurings : Panacea or Pangloss?
Bulow, Jeremy I. - 1988
The most widely proposed LDC debt plans are flawed by their failure to recognize the fundamental differences between corporate and sovereign debt. Consequently, many plans intended to help highly-indebted countries mainly aid their foreign creditors. This paper emphasizes the crucial distinction...
Persistent link: https://www.econbiz.de/10012476435
Cover Image
Resolving Debt Crises : An Historical Perspective
Eichengreen, Barry - 1988
Two general approaches have been offered for dealing with the developing country debt crisis: continued reliance on case-by-case negotiation, versus global plans for fundamentally restructuring the terms of international lending and repayment. Both approaches have precedents in earlier...
Persistent link: https://www.econbiz.de/10012476512
Cover Image
Quantitative Models of Sovereign Debt Crises
Aguiar, Mark - 2016
This chapter is on quantitative models of sovereign debt crises in emerging economies. We interpret debt crises broadly to cover all of the major problems a country can experience while trying to issue new debt, including default, sharp increases in the spread and failed auctions. We examine the...
Persistent link: https://www.econbiz.de/10012456549
Cover Image
A Decade of Debt
Reinhart, Carmen M. - 2011
recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At …
Persistent link: https://www.econbiz.de/10012461830
Cover Image
International Debt Service and Economic Growth : Some Simple Analytics
Feldstein, Martin - 1986
Any arrangement that is to serve as a long-term framework for international debt management must permit a politically acceptable rate of economic growth in the debtor countries while gradually improving the financial positions of the creditor banks. In addition, a realistic debt management...
Persistent link: https://www.econbiz.de/10012476994
Cover Image
Debt Relief
Arslanalp, Serkan - 2006
OECD countries--a mere one-seventieth (1/70) of the quantity of official development assistance agreed to by world leaders … for debt relief to generate economic gains. Since the world's poorest countries do not suffer from debt overhang, debt … relief is unlikely to stimulate their investment and growth. The principal obstacle to investment and growth in the world …
Persistent link: https://www.econbiz.de/10012466481
Cover Image
Structuring and Restructuring Sovereign Debt : The Role of Seniority
Bolton, Patrick - 2005
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure. We show within a simple model how competition for repayment between lenders may result in sovereign debt that is...
Persistent link: https://www.econbiz.de/10012467616