Results 211 to 220 of about 2,714 (255)

Sovereign Debt

2019
[Introduction] Ten years ago, the global economic and financial crisis was at its peak. When ailing investment bank Lehman Brothers filed for insolvency on 15 September 2008, the smouldering crisis on the financial markets became a full-scale firestorm.
Quitzau, Jörn   +3 more
  +5 more sources

NOMINAL SOVEREIGN DEBT

International Economic Review, 2015
AbstractI show that reputation alone can sustain nominal sovereign debt, which is subject to both the risks of default and opportunistic devaluations. Nominal debt combined with a countercyclical exchange rate policy allows more hedging against shocks than real savings if markets are incomplete. Thus, the loss of either repayment or monetary reputation
openaire   +2 more sources

Sovereign Debt

Journal of Religious Ethics, 2018
AbstractThis essay examines the concept of sovereign debt in both political‐economic and theological registers. Elaborating the dynamics of monetary economy, I demonstrate how postures of indebtedness characterize the relationship between sovereign power and the governed.
openaire   +2 more sources

Sovereign Debt Without Default Penalties [PDF]

open access: possibleSSRN Electronic Journal, 2006
Summary: We develop a theory of sovereign borrowing where default penalties are not implementable. We show that when debt is held by both domestic and foreign agents, the median voter might have an interest in serving it. Our theory has important practical implications regarding (a) the role of financial intermediaries in sovereign lending, (b) the ...
Guembel, Alexander, Sussman, Oren
openaire   +6 more sources

Sovereign Debt: A Primer [PDF]

open access: possibleThe World Bank Economic Review, 1993
The troublesome debts of many developing countries have spawned much literature on why countries borrow, on what debt contributes to growth, on why countries repay, and on how to deal with existing debt. The author provides an analytical primer on the following aspects of sovereign debt : 1) the basic accounting concepts associated with debt and some ...
openaire   +1 more source

Sovereign Debt

2015
the book focuses on sovereign ...
openaire   +1 more source

Sovereign Debt Crisis: Euro-Reality

2017
In the domestic credit market creditor and debtor rights are clearly defined. In contrast, sovereign debt repayment is largely contingent on the debtor government's willingness to repay as enforcement of contracts at the international level is limited.
Horvath, Julius   +1 more
openaire   +1 more source

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