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each type of crises has a unique set of macroeconomic causes. We also identify internal contagion and selection bias …
Persistent link: https://www.econbiz.de/10010294672
each type of crises has a unique set of macroeconomic causes. We also identify internal contagion and selection bias …
Persistent link: https://www.econbiz.de/10005163004
fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …
Persistent link: https://www.econbiz.de/10010274777
fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …
Persistent link: https://www.econbiz.de/10010288861
contagion. A basic model of contagion shows how economies which appear fundamentally sound, can fail to meet foreign obligations … of debt default and contagion. However, when these speculators view the economy with a degree of uncertainty, the … likelihood of default and contagion is even greater. SpeculatorsÂ’ perceptions over the state of the economy are therefore …
Persistent link: https://www.econbiz.de/10008740156
fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …
Persistent link: https://www.econbiz.de/10008606489
fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …
Persistent link: https://www.econbiz.de/10008799726
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012388929
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012159605
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012388936