Trebesch, Christoph - International Monetary Fund (IMF) - 2009
default and debt distress. The index of government coerciveness is presented as a proxy for excusable versus inexcusable … international debt markets. Our findings indicate that unilateral, aggressive sovereign debt policies lead to a strong decline in … creditors can have strong signalling effects with negative spillovers on domestic firms. "Good faith" debt renegotiations may be …