Results 71 to 80 of about 325,613 (161)
Supersanctions and Sovereign Debt Repayment [PDF]
Theoretical models have suggested that sanctions may be important for enforcing sovereign debt contracts (Bulow and Rogoff, 1989a, 1989b). This paper examines the role of sanctions in promoting debt repayment during the classical gold standard period. We
Marc D. Weidenmier, Kris James Mitchener
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METHODOLOGY OF SYSTEMIC RISK MANAGEMENT ADJUSTED FOR THE RUSSIAN CREDIT MARKET ENVIRONMENT
Финансы: теория и практика, 2017 The current study is devoted to the methodology of systemic risk management adjusted for the Russian credit market. Among specific sources of systemic the following risks were emphasized: access of a banking sector to market liquidity and currency ...
J. I. Petrova +3 more
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Country Default Probabilities: Assessing and Backtesting [PDF]
We address the problem how to estimate default probabilities for sovereign countries based on market data of traded debt. A structural Merton-type model is applied to a sample of emerging market and transition countries.
Vogl, Konstantin +3 more
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Collective action clauses in sovereign bonds [PDF]
The universal adoption of collective action clauses (CACs) was the most promising reform proposal in recent debates on sovereign debt crisis management. Academics and the public sector had been promoting CACs since 1995, yet market practice did not begin
Häseler, Sönke
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A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk [PDF]
We show that financial sector bailouts and sovereign credit risk are intimately linked. A bailout benefits the economy by ameliorating the under-investment problem of the financial sector.
Philipp Schnabl +2 more
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SOVEREIGN DEFAULT RISK AND DEPOSITOR BEHAVIOR. THE CASE OF GREECE
Revista de Economía Política de Buenos Aires, 2014 This paper studies the effect of the Greek macroeconomic crisis on depositors’ behavior. It tests the main hypothesis during that period depositors react more to sovereign risk than to the idiosyncratic indicators of bank health.
Julieta Picorelli
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Trustees versus fiscal agents and default risk in international sovereign bonds [PDF]
Over the last ten years, organisations such as the IMF have launched several initiatives to change market practice with respect to sovereign bond contract drafting to ease restructuring after defaults.
Häseler, Sönke
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Optimal reserve management and sovereign debt [PDF]
Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels.
Laura Alfaro, Fabio Kanczuk
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“Technical” method for estimating the probability of sovereign defaults
Мир новой экономики, 2018 The article discusses a simple method for estimating the probability of sovereign default function based on the determination of the key factors for the assessment of default and their weighting factors according to the statistics for the group of ...
E. V. Balatsky
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The Determinants of Sovereign Bond Spreads: Theory and Facts From Latin America [PDF]
This paper aims to identify the macroeconomic determinants of sovereign bond spreads in Argentina, Brazil and Mexico and discusses the economic policies underlying the divergent fortunes experienced by these countries over 1993-2001.
Martín Grandes
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