Building on a benchmark sample of 78 middle-income countries and based on generalized linear model (glm) estimations we assess the risk of Belarus, Kazakhstan, Russia, and Ukraine to experience currency and / or debt crises as other emerging market economies have repeatedly done before. We find...

The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...