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International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely …
Persistent link: https://www.econbiz.de/10012586734
International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely …
Persistent link: https://www.econbiz.de/10012113677
sample covers 327 sovereign debt restructurings with external private creditors over 205 default spells since 1815. Creditor …" applicable to future defaults. Poorer countries, first-time debt issuers, and those that borrowed heavily from external creditors …
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Sovereign debt crises are difficult to solve. This paper studies the "holdout problem", meaning the risk that creditors … dataset of 23 bond restructurings with external creditors since 1994. We then study the determinants of holdouts and find that …
Persistent link: https://www.econbiz.de/10012405397
We analyze the effects of government spending in a New-Keynesian model with search and matching frictions featuring endogenous growth through learning-by-doing and skill loss from long-term unemployment. We show that medium-run and long-run output and unemployment multipliers are much larger...
Persistent link: https://www.econbiz.de/10012514996
distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross …
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