Results 41 to 50 of about 472,824 (384)
A CYBERNETICS APPROACH TO THE SOVEREIGN DEBT CRISIS [PDF]
Journal of Defense Resources Management, 2015 The purpose of this paper is to approach the sovereign debt crisis from a cybernetics perspective, as a system that includes several interrelated subsystems. We emphasize the dynamic nature and sustainability of the sovereign debt system.
Alexandra Maria CONSTANTIN
doaj
Illiquidity in Sovereign Debt Markets
Journal of International Economics, 2020 We study debt policy of emerging economies accounting for credit and liquidity risk. To account for credit risk we study an incomplete markets model with limited commitment and exogenous costs of default following the quantitative literature of sovereign
J. Passadore, Yu Xu
semanticscholar +1 more source
Finance and Society, 2023 European financial regulation consistently gives governments privileged access to private investors, reflecting the anchor role assigned to sovereign securities as safe and liquid assets for the financial system.
Ad van Riet
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Political Risk and Sovereign Debt Contracts [PDF]
, 2011 Default on sovereign debt is a form of political risk. Issuers and creditors have responded to this risk both by strengthening the terms in sovereign debt contracts that enable creditors to enforce their debts judicially and by creating terms that ...
Choi, Stephen J. +2 more
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CURRENT PROBLEMS OF PUBLIC DEBT AND SOVEREIGN DEFAULTS TO THE EU COUNTRIES
Финансы: теория и практика, 2017 Today the threat of sovereign defaults is relevant and severe enough not only to developing but also to developed countries. In the first half of the 1980s, the global crisis of emerging markets external debt demonstrated for the first time that the debt
E. A. Zvonova
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Effects of European Sovereign Debt (Leverage) Crisis on Bilateral Trade Flows [PDF]
International Journal of Business and Development Studies, 2014 Outbreak of 2009 European sovereign debt (leverage) crisis has been one of the most crucial economic events of recent years. Accordingly, researchers devoted a great deal of efforts to elucidate origins and consequences of this crisis, particularly ...
Behnam Ebrahimi +2 more
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Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy
Journal of Finance, 2019 Nominal debt provides consumption-smoothing benefits if it can be inflated away during recessions. However, we document empirically that countries with more countercyclical inflation, where nominal debt provides better consumption-smoothing, issue more ...
Wenxin Du +2 more
semanticscholar +1 more source
, 1995 We review the literature on sovereign debt. We organize our survey around three central questions: (1) Why do sovereign debtors ever repay their debts? (2) What burdens, in the form of distortions and inefficiencies, does sovereign debt impose? and (3) How might debt be restructured to reduce these burdens?
Jonathan Eaton, Raquel Fernandez
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Public debt dynamics: the interaction with national income and fiscal policy
Journal of Economic Structures, 2021 The 2008 financial crisis triggered the debt crisis in Europe. High debt-to-GDP ratios made it impossible for some countries to apply countercyclical policy in order to overcome the recession.
Vasileios Spyrakis, Stelios Kotsios
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Debt Seniority and Sovereign Debt Crises [PDF]
IMF Working Papers, 2018 Is the seniority structure of sovereign debt neutral for a government’s decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an optimal haircut to bondholders. We show that when the size of
Ari, A., Corsetti, G., Dedola, L.
openaire +5 more sources