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Preferred and non-preferred creditors
Cordella, Tito; Powell, Andrew - 2019
International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts they normally pay IFIs in full. This paper presents a model where a creditor, such as an IFI,...
Persistent link: https://www.econbiz.de/10012113677
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Unpleasant surprises : sovereign default determinants and prospects
Bandiera, Luca; Crespo Cuaresma, Jesús; Vincelette, … - 2010
Persistent link: https://www.econbiz.de/10008664012
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Sovereign bailouts and senior loans
Chamley, Christophe; Pinto, Brian - 2012
Persistent link: https://www.econbiz.de/10009613353
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How the proposed Basel guidelines on rating-agency assessments would affect developing countries
Ferri, Giovanni; Liu, Li-gang; Majnoni, Giovanni - 2000
Persistent link: https://www.econbiz.de/10001506933
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Impacts of sovereign rating on sub-sovereign bond ratings in emerging and developing economies
Mohapatra, Sanket; Nose, Manabu; Ratha, Dilip K. - 2016
securitization structures. This observation is confirmed using a double-hurdle estimation that accounts for bond and firm …
Persistent link: https://www.econbiz.de/10011454215
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Debt and financial crises
Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012228314
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Can this time be different? : policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020
crises when they do occur. These include sound debt management, strong monetary and fiscal frameworks, and robust bank …
Persistent link: https://www.econbiz.de/10012230790
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The sovereign-bank nexus in EMDEs : what is it, is it rising, and what are the policy implications?
Feyen, Erik; Zuccardi Huertas, Igor Esteban - 2019
This paper explores the sovereign-bank nexus in emerging markets and developing economies: the interconnectedness … assets and bank credit to the private sector have steadily increased, which may restrict the sovereign's capacity to contain … understanding of the sovereign-bank nexus, given country idiosyncrasies, including the structure of sovereign debt and the …
Persistent link: https://www.econbiz.de/10012113774
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Debt intolerance : threshold level and composition
Matsuoka, Hideaki - 2020
Fiscal vulnerabilities depend on both the level and composition of government debt. This study examines the role of debt thresholds and debt composition in driving the non-linear behavior of long-term interest rates through a novel approach, a panel smooth transition regression with a general...
Persistent link: https://www.econbiz.de/10012241362
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Deriving developing country repayment capacity from the market prices of sovereign debt
Claessens, Stijn; Pennacchi, George - 1992
Persistent link: https://www.econbiz.de/10000138752