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Argentinien hat im Januar 2002 seine Zahlungsunfähigkeit erklärt und hofft seitdem auf neue Kredite des IWF. Anders als …Argentina has defaulted on its external debt on January, 2002. The country hopes for "fresh money" from the IMF … conditionality can work as a self-enforcing contract and provide positive externalities to Argentina. …
Persistent link: https://www.econbiz.de/10010300408
We quantify the probability that a sovereign defaults on repayment obligations in foreign currency. Adopting the structural approach as first introduced by Merton, we consider the sovereigns ability-to-pay, characterised by the sum of discounted future payment surpluses, as the underlying...
Persistent link: https://www.econbiz.de/10010305443
drinks in Argentina, and its results are presented, together with the ones obtained with the other estimation methods. …
Persistent link: https://www.econbiz.de/10010323124
open and highly volatile economy like that of Argentina. A rise of the premium determines a capital outflow, an aggregate …
Persistent link: https://www.econbiz.de/10010323167
idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation was high. Surprisingly, the findings for Argentina do not support the a-priori as both variables show significant long …
Persistent link: https://www.econbiz.de/10010325092
In this paper I present a real-time estimation of the evolution of the Investment, constructed from a broad set of high frequency economic indicators: known in the literature as Nowcasting. The Nowcast exercise was developed considering three groups of monthly indicators throughout dynamic...
Persistent link: https://www.econbiz.de/10012057268
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of giving up sovereignty (Argentina and the European countries of the EMU) and the benefits of regaining it (Argentina …
Persistent link: https://www.econbiz.de/10010266537