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Sovereign haircuts : 200 years of creditor losses

Luckner, Clemens von <Graf>; Meyer, Josefin; Reinhart, … - 2024

Persistent link: https://www.econbiz.de/10014581679

Coping with disasters : two centuries of international official lending

Trebesch, Christoph; Reinhart, Carmen M.; Horn, Sebastian - 2020

Persistent link: https://www.econbiz.de/10012231345

Restructuring sovereign bonds : holdouts, haircuts and the effectiveness of CACs

Fang, Chuck; Schumacher, Julian; Trebesch, Christoph - 2021 - This version: November 2020

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 … holdout problem according to our simulations. The results help to inform theory as well as current policy initiatives on …

Persistent link: https://www.econbiz.de/10012405397

Endogenous growth, skill obsolescence and fiscal multipliers

Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2021

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

Intercreditor equity in sovereign debt restructurings

Iversen, Astrid - 2023 - First edition

Persistent link: https://www.econbiz.de/10014279877

What drives sovereign debt portfolios of banks in a crisis context?

Lamas, Matías; Mencía, Javier - 2018

Persistent link: https://www.econbiz.de/10011946887

What drives sovereign debt portfolios of banks in a crisis context?

Lamas, Matías; Mencía, Javier - 2019

We study determinants of sovereign portfolios of Spanish banks over a long time-span, starting in 2008. Our findings challenge the view that banks engaged in moral hazard strategies to exploit the regulatory treatment of sovereign exposures. In particular, we show that being a weakly capitalized...

Persistent link: https://www.econbiz.de/10011978836

The cyclicality of international public sector borrowing in developing countries : does the lender matter?

Galindo Andrade, Arturo José; Panizza, Ugo - 2017

driven by the behavior of the World Bank (borrowing from regional development banks tends to be acyclical). The paper also …

Persistent link: https://www.econbiz.de/10011715722

Sovereign debt with heterogeneous creditors

Ntellas, Charēs; Niepelt, Dirk - In: Journal of international economics 99 (2016), pp. 16-26

Persistent link: https://www.econbiz.de/10011655055

The cyclicality of international public sector borrowing in developing countries : does the lender matter?

Galindo Andrade, Arturo José; Panizza, Ugo - In: World development : the multi-disciplinary … 112 (2018), pp. 119-135

Persistent link: https://www.econbiz.de/10011981971