Narrow search
Showing 1 - 10 of 197
Cover Image
Sovereign defaults in court
Schumacher, Julian; Enderlein, Henrik; Trebesch, Christoph - 2018
of default for debtors. We show that legal disputes in the US and the UK disrupt government access to international …
Persistent link: https://www.econbiz.de/10011853323
Cover Image
What “hides” behind sovereign debt ratings?
Afonso, António; Gomes, Pedro; Rother, Philipp - 2007
effectiveness indicators, external debt, external reserves, and default history. …
Persistent link: https://www.econbiz.de/10011604757
Cover Image
Signalling fiscal stress in the euro area - a country-specific early warning system
Hernández de Cos, Pablo; Koester, Gerrit B.; … - 2014
The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to indicate the build?up of fiscal stress early on and to facilitate crisis prevention by a timely counteraction of fiscal and macroeconomic policies. This paper presents possible...
Persistent link: https://www.econbiz.de/10011605757
Cover Image
The invisible hand of the government: “Moral suasion” during the European sovereign debt crisis
Ongena, Steven; Popov, Alexander; Van Horen, Neeltje - 2016
Using proprietary data on banks’ monthly securities holdings, we find that during the European sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks to increase their holdings of domestic sovereign bonds in months with relatively...
Persistent link: https://www.econbiz.de/10011605982
Cover Image
Fiscal multipliers and foreign holdings of public debt
Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, … - 2019
This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out effects if the resources used to acquire public debt reduce domestic...
Persistent link: https://www.econbiz.de/10012142099
Cover Image
Sovereign Defaults in Court
Schumacher, Julian - 2018
of default for debtors. We show that legal disputes in the US and the UK disrupt government access to international …
Persistent link: https://www.econbiz.de/10012925866
Cover Image
Fiscal Multipliers and Foreign Holdings of Public Debt
Broner, Fernando - 2019
This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out effects if the resources used to acquire public debt reduce domestic...
Persistent link: https://www.econbiz.de/10012889807
Cover Image
Signalling Fiscal Stress in the Euro Area -- A Country-Specific Early Warning System
de Cos, Pablo Hernández - 2014
The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to indicate the build up of fiscal stress early on and to facilitate crisis prevention by a timely counteraction of fiscal and macroeconomic policies. This paper presents possible...
Persistent link: https://www.econbiz.de/10013049852
Cover Image
Ending over-lending: assessing systemic risk with debt to cash flow
Ramsay, Bruce A.; Sarlin, Peter - 2015
This paper introduces the ratio of debt to cash flow (D/CF) of nations and their economic sectors to macroprudential analysis, particularly as an indicator of systemic risk and vulnerabilities. While leverage is oftentimes linked to the vulnerability of a nation, the stock of total debt and the...
Persistent link: https://www.econbiz.de/10011605814
Cover Image
Sovereign risk, interbank freezes, and aggregate fluctuations
Engler, Philipp; Grosse Steffen, Christoph - 2015
This paper studies the bank-sovereign link in a dynamic stochastic general equilibrium set-up with strategic default on … public debt. Heterogeneous banks give rise to an interbank market where government bonds are used as collateral. A default … from an interbank freeze and feeds back into default risk. The arising amplification mechanism propagates aggregate shocks …
Persistent link: https://www.econbiz.de/10011605885