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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

On debt and climate

Bolton, Patrick; Buchheit, Lee C.; Gulati, Mitu; … - In: Oxford open economics 2 (2023), pp. 1-6

This article discusses the links between climate and debt sustainability by focusing on how climate mitigation and adaptation are paid for, and who pays for it. This requires thinking about instruments such as sovereign bonds, carbon credits, conditional official grants and debt relief from both...

Persistent link: https://www.econbiz.de/10014492279

Sudden stops and current account reversals : potential macroeconomic consequences for South Africa

Smit, Ben; Grobler, Christelle; Nel, Carmen - In: The South African journal of economics 82 (2014) 4, pp. 616-627

Persistent link: https://www.econbiz.de/10010502120

Chapter 12. International Financial Crises

Lorenzoni, Guido - In: Handbook of international economics : Volume 4, (pp. 689-740). 2014

This chapter surveys recent research on international financial crises. A financial crisis is characterized by a sudden, dramatic outflow of financial resources from an economy with an open capital account. This outflow may be primarily driven by the expectation of a large nominal devaluation,...

Persistent link: https://www.econbiz.de/10014025374

Sovereign default risk premia and state-dependent twin deficits : conference paper

Hürtgen, Patrick; Rühmkorf, Ronald - 2013 - This version: August 7, 2013

This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...

Persistent link: https://www.econbiz.de/10010341080

International transmission of interest rates : the role of international reserves and sovereign debt

Afonso, António; Huart, Florence; Jalles, João Tovar; … - 2021

international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the … a determinant of risk premium; iii) a negative effect of international reserves on interest rates, as expected; iv …) higher reserves decrease risk premia, for long-term interest rates; v) the significance of spillovers fades once the …

Persistent link: https://www.econbiz.de/10012504452