Showing 1 - 10 of 201
En este trabajo se desarrolla un indicador de sostenibilidad de la deuda externa y se aplica a un conjunto amplio de países emergentes. Los resultados del modelo teórico indican que el tipo de cambio real juega un papel fundamental para garantizar la sostenibilidad de la deuda. Cuando se...
Persistent link: https://www.econbiz.de/10005418999
English Abstract: There is a growing consensus that Venezuela will not be able to persist for much longer with its policy of full external debt service. The social costs are just too great. This implies a debt restructuring of some kind. Venezuela, principally through its state-owned oil...
Persistent link: https://www.econbiz.de/10012951449
the International Monetary Fund (IMF) in June 2018, later augmented in October 2018, represents the largest programme in … evaluation, with resort to general Public International Law, the law of the IMF and, where international law is uncertain …, relevant analogies with English private law.We introduce the hypothesis that the SBA violated the core purposes of the IMF as …
Persistent link: https://www.econbiz.de/10013297354
The international financial system (IFS) has undergone a series of financial crises over the past decade. This paper analyzes the shortcomings of said system (that have contributed to the crises) and, with them in mind, reviews and evaluates the IFS refor
Persistent link: https://www.econbiz.de/10005510016
Al llarg del segle XIX Espanya va ser un soci actiu per la creacio de les primeres organitzacions mundials de caracter tecnic. Durant el segle XX Espana va participar en l'establiment de la Societat de Nacions creada despres de La Primera Guerra Mundial, pero el regim favorable a l'Eix de Franco...
Persistent link: https://www.econbiz.de/10009002756
In recent years, Bolivia has accumulated a significant level of international reserves due to favorable external environment and the exchange rate regimen (crawling peg). In this context arises the question of: Which one is the optimal level of international reserves? According to the...
Persistent link: https://www.econbiz.de/10010294091
Persistent link: https://www.econbiz.de/10011417928
This paper presents and evaluates the hypothesis that emerging countries specialized in commodity production are prone to experience non orthogonal commercial and financial shocks. Specifically, we investigate a set of global macroeconomic variables that, in principle, could simultaneously...
Persistent link: https://www.econbiz.de/10010325079
The aim of this paper is to identify the different shocks that could affect the current account in the argentine case, such as the terms of trade (the Harberger-Laursen-Metzler effect-HLM), supply shocks (productivity), demand shocks (real exchange rate and public consumption /current GDP) and...
Persistent link: https://www.econbiz.de/10012057273
The aim of this paper is to identify the different shocks that could affect the current account in the argentine case, such as the terms of trade (the Harberger-Laursen-Metzler effect- HLM), supply shocks (productivity), demand shocks (real exchange rate and public consumption /current GDP) and...
Persistent link: https://www.econbiz.de/10011966837