Similar Search Results

Chapter 21. Quantitative Models of Sovereign Debt Crises

Aguiar, M.; Chatterjee, S.; Cole, H.; Stangebye, Z. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1697-1755). 2016

This chapter is on quantitative models of sovereign debt crises in emerging economies. We interpret debt crises broadly to cover all of the major problems a country can experience while trying to issue new debt, including default, sharp increases in the spread and failed auctions. We examine the...

Persistent link: https://www.econbiz.de/10014024275

Sovereign external borrowing and multilateral lending : dynamics and crises

Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2018

the World Bank (WB). Finally, we find evidence of synchronization between MDBs and IMF during fiscal crises. …

Persistent link: https://www.econbiz.de/10011959415

The effect of inflation targeting and financial openness on currency composition of sovereign international debt

Ogrokhina, Olena; Rodriguez, Cesar M. - In: Journal of international money and finance 97 (2019), pp. 1-18

Persistent link: https://www.econbiz.de/10012139842

IMF programs and borrowing costs : does size matter?

Chahine, Salim; Panizza, Ugo; Suedekum, Guilherme - 2024

This paper studies whether IMF programs and their size affect borrowing costs by comparing the coupon of bonds issued around an IMF arrangement. By comparing bonds issued immediately before the inset of the program with bonds issued immediately after the program, we show that, on average, the...

Persistent link: https://www.econbiz.de/10014520753

Die Schuldenkrise des Globalen Südens : Verfahren zu ihrer Bewältigung schaffen

Liebal, Mara; Rehbein, Kristina - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 67-76

Ausgelöst durch das Zusammentreffen niedriger Zinsen in reichen Ländern und einem hohen Finanzierungsbedarf für Infrastruktur in vielen ärmeren Ländern befindet sich die Verschuldung der Länder des Globalen Südens seit Jahren auf einem dramatisch hohen Niveau. Hohe Schuldendienstzahlungen...

Persistent link: https://www.econbiz.de/10012155264

Global banks and systemic debt crises

Morelli, Juan M.; Ottonello, Pablo; Perez, Diego J. - In: Econometrica : journal of the Econometric Society, an … 90 (2022) 2, pp. 749-798

Persistent link: https://www.econbiz.de/10013190099

News, sovereign debt maturity, and default risk

Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2018

estimation, a news shock has a larger contemporaneous impact on sovereign credit spreads than a comparable shock to labor … and a variance decomposition similar to the empirical VAR estimates. The dynamics of the economy after a bad news shock … share some features of a productivity shock and others of sudden stop events. However, unlike episodes of sudden stops, long …

Persistent link: https://www.econbiz.de/10011950496

Policy interventions in sovereign debt restructurings

Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2019

The wave of sovereign defaults in the early 1980s and the string of debt crises in the decades that followed have fostered proposals involving policy interventions in sovereign debt restructurings. A key question about these proposals that has proved hard to handle is how they in influence the...

Persistent link: https://www.econbiz.de/10012139015

Sudden stops, time inconsistency, and the duration of sovereign debt

Hatchondo, Juan Carlos; Martinez, Leonardo - 2013

Persistent link: https://www.econbiz.de/10009770768

Sudden stops, time inconsistency, and the duration of sovereign debt

Hatchondo, Juan Carlos; Martinez, Leonardo - In: International economic journal 27 (2013) 2, pp. 217-228

Persistent link: https://www.econbiz.de/10009791726

1
2
3
4
5
6
7
8
9
10
Next
Last