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Fiscal Austerity, Growth Prospects, and Sovereign CDS Spreads : The Eurozone and Beyond
Yuan, Chunming - 2014
of fiscal austerity and growth prospects along with other macro fundamentals on the pricing of sovereign credit default …
Persistent link: https://www.econbiz.de/10013062276
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Austerity
Ntellas, Charēs; Niepelt, Dirk - 2014
We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10010494118
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Austerity
Ntellas, Charēs; Niepelt, Dirk - 2014
We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10010463597
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Three essays on financial development in emerging markets
Diekmann, Katharina - 2012
Persistent link: https://www.econbiz.de/10010212785
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Good policies or good fortune : what drives the compression in emerging market spreads?
Maier, Philipp (contributor); Vasishtha, Garima (contributor) - 2008
Since 2002, spreads on emerging market sovereign debt have fallen to historical lows. Given the close links between sovereign spreads, capital flows to emerging markets, and economic growth, understanding the factors driving these spreads is very important. We address this issue in two stages....
Persistent link: https://www.econbiz.de/10003749240
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Growth of Global Corporate Debt : Main Facts and Policy Challenges
Abraham, Facundo - 2020
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
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G20 Nations Shifting the Trillions : Impact Investing, Green Infrastructure and Inclusive Growth
Firzli, M. Nicolas J. - 2020
America, Britain, France and China, changing the world economy for the better …
Persistent link: https://www.econbiz.de/10012853368
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The Cost of Defaults : The Impact of Haircuts on Economic Growth
Marchesi, Silvia - 2014
This paper studies the impact of debt default on economic growth taking into account the depth of a debt restructuring …. More specifi cally, creditors losses (or haircuts) are used as proxies of the severity of the default episoded. Analyzing … of the default through the haircut s size, we fi nd that the severity of the default is indeed correlated with a further …
Persistent link: https://www.econbiz.de/10013061548
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Finance and economic growth in the "Switzerland of the Americas" : the Montevideo stock exchange, 1875-1945
Moreno Lázaro, Javier - 2017
Persistent link: https://www.econbiz.de/10011791964
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Regional integration and the euro crisis : problems and solutions
Pessoa, Argentino - 2013
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832