L’Italia: una crisi nella crisi.(Italy: A Crisis within the Crisis)
Moneta e Credito, 2011 The article synthesises the large and extending literature on the financial and economic crisis from a Post-Keynesian point of view. The authors take on the position that the international and internal real imbalances are serious and worrying, but yet ...
Carlo D'ippoliti, Alessandro Roncaglia
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Dynamic linkages and determinants of sovereign CDS and exchange rates: evidence from G7 and BRICS
Humanities & Social Sciences CommunicationsIn the wake of the COVID-19 pandemic, global public debt has escalated, further intensified by ongoing geopolitical tensions. This paper explores the dynamic relationship between sovereign credit risk and exchange rate fluctuations through the innovative
Min Su +3 more
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Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation [PDF]
History suggests the following stylized facts about default on sovereign debt:(1) Defaults are associated with identifiably bad states of the world. (2) Defaults are usually partial, rather than complete.(3) Sovereign states usually are able to borrow ...
Herschel I. Grossman, John B. Van Huyck
core
The Impossible Trinity of Denial. European Economic Governance in a Conceptual Framework
Transylvanian Review of Administrative Sciences, 2013 The first ten years of the Economic and Monetary Union were a remarkable success story. Nevertheless, the European financial-cum-sovereign- debt-crisis made it clear that the original design of European economic governance is not feasible any longer ...
István BENCZES
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"Migration and sovereign default risk" a comment. [PDF]
J Monet Econ, 2020 Guerron-Quintana PA.
europepmc +1 more source
'Rules of Thumb' for Sovereign Debt Crises [PDF]
Sovereign Default, Debt ...
Paolo Manasse, Nouriel Roubini
core
Lending to the borrower from hell: Debt and default in the age of Philip II, 1556-1598 [PDF]
What sustained borrowing without third-party enforcement, in the early days of sovereign lending? Philip II of Spain accumulated towering debts while stopping all payments to his lenders four times.
Joachim Voth, Mauricio Drelichman
core
Willingness to pay and the sovereign debt contract [PDF]
This paper uses a contract theory model to argue that covenants ruling debt renegotiations are important to assure the sovereign willingness to pay. The model includes the following features: first, collective action clauses, exit consents, aggregation ...
Roque B. Fernández +1 more
core
Quantitative models of sovereign default and the threat of financial exclusion [PDF]
Business cycles ; Debt ; Default (Finance)
Horacio Sapriza +2 more
core
The factors triggering the sovereign crisis and their impact on sovereign CDS spreads
المجلة الدولية للأداء الاقتصادي, 2020 This paper attempts to identify the factors behind the sovereign default risk, as measured by sovereign CDS spreads. By analyzing monthly data from January 2007 to September 2015 using instrumental variable approach, we find that European sovereign
Samah EL-CHEIKH , Rafik ALIOUAT
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