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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
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Reflections on the consequences and risks of an economy's indebtedness
Milea, Camelia - In: Financial studies 25 (2021) 2, pp. 50-63
The paper aims to present some risks and consequences of the indebtedness of an economy. The article is based on the results of a research project and it describes the negative effects of a high level of indebtedness of an economy, the elements that influence the risks of an economy's...
Persistent link: https://www.econbiz.de/10012664617
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Belize's 2016-17 sovereign debt restructuring : third time lucky?
Asonuma, Tamon; Papaioannou, Michael G.; Togo, Eriko; … - In: Journal of banking and financial economics 2 (2020) 14, pp. 47-67
liquidity relief and partially addressing long-term debt sustainability concerns, the restructuring will need to be underpinned …
Persistent link: https://www.econbiz.de/10012887757
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Borrowing into debt crises
Paluszynski, Radoslaw; Stefanidis, Georgios - In: Quantitative economics : QE ; journal of the … 14 (2023) 1, pp. 277-308
have varying degrees of downward rigidity, which means that it is costly to reduce them. Facing an adverse income shock …
Persistent link: https://www.econbiz.de/10014308547
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An econometric analysis of determinants of debt sustainability in Ethiopia
Aleme, Timkete - In: Financial studies 23 (2019) 1, pp. 39-55
Sound and efficient external debt sustainability is an essential instrument to shred the notoriety of indebtedness and to ameliorate economic growth. This study was conducted with an objective to examine the determinants of foreign debt sustainability in Ethiopia using a yearly time series data...
Persistent link: https://www.econbiz.de/10012015577
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Economic and political determinants of sovereign default and IMF credit use : a robustness assessment post 2010
Sherry, Hassan; Zeaiter, Hussein - In: Economies : open access journal 12 (2024) 7, pp. 1-36
According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share since the mid-1960s. Despite the vast research on alarming levels of sovereign default, the literature remains inconclusive. This paper investigates macroeconomic, financial,...
Persistent link: https://www.econbiz.de/10014636157
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Sovereign debt, the blessing aspects and the implications for the Euro area
Chiesa, Gabriella - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 1, pp. 9-30
environment; ii) the role of government bonds as liquidity instruments; iii) whether and how the correlation structure of the … sovereign-bonds’ market values affects the portfolio composition of liquidity instruments and prices, and the scope for a debt …
Persistent link: https://www.econbiz.de/10012507194
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Indebtedness and growth in the EMU before the Covid-19 pandemic shock
Morganti, Patrizio - In: European journal of comparative economics 20 (2023) 1, pp. 39-70
Rising debt can threaten macroeconomic, financial, and fiscal stability, and thus fuels uncertainty among economic agents. Therefore, high levels of indebtedness may hinder economic growth especially for those economies with a large debt burden and may also amplify the volatility of GDP growth...
Persistent link: https://www.econbiz.de/10014318632
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Europe needs more than a Capital Markets Union : focus on the integration of euro area sovereign debt markets
Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20
With a view to establishing a Capital Markets Union (CMU), efforts to integrate (private) capital markets and private risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial potential threat to sovereign bond market stability in the...
Persistent link: https://www.econbiz.de/10012051172
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Sub-Saharan African Eurobond yields : What really matters beyond global factors?
Senga, Christian; Cassimon, Danny; Essers, Dennis - In: Review of development finance 8 (2018) 1, pp. 49-62
This study explores the drivers of secondary market yields of Sub-Saharan African (SSA) sovereign Eurobonds from 2008 to mid-2017. Our results indicate that, beyond global 'push' factors, country-specific 'pull' factors such as inflation and GDP growth matter too for SSA Eurobond performance. A...
Persistent link: https://www.econbiz.de/10011883240