Results 11 to 20 of about 21,955 (297)
Do Sovereign Defaults Hurt Exporters? [PDF]
, 2006 This paper uses a difference-in-difference methodology similar to the one originally proposed by Rajan and Zingales (1998) to test whether defaulting hurts the more export-oriented industries. Strong support for this hypothesis was found, but contrary to
Eduardo Borensztein, Ugo Panizza
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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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Selective Sovereign Defaults [PDF]
Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers, 2012 Breaches in intercreditor equity are common ground during sovereign debt restructurings. In this paper I explore residence-based breaches by studying patterns of discrimination between residents and foreign creditors during debt restructurings. I frame the analysis with a simple model of a government's strategic decision to differentiate between the ...
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Groningen Journal of International Law, 2015 In the aftermath of Argentina’s 2001 economic crisis, creditors not participating in the country sovereign debt restructuring insisted on full payment. The triplet of investment arbitration decisions upheld jurisdiction over the mass claims presented by ...
Josef Ostřanský
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Sovereign Debt Restructurings in Grenada: Causes, Processes, Outcomes, and Lessons Learned
Journal of Banking and Financial Economics, 2018 This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15. Both restructurings emerged as a consequence of weak fiscal and debt situations, which became unsustainable soon after external shocks hit the ...
Tamon Asonuma +4 more
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OECD Economics Department Working Papers, 2018 This paper provides robust empirical evidence that government effectiveness is a key determinant of sovereign defaults. Government effectiveness is measured by a broad-based perception index of the Worldwide Governance Indicators database (WGI) disseminated by the World Bank.
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Review of International Political Economy, 2021 Scholars continue to debate why states repay their debts to foreign creditors. The existing literature stresses the short-term economic and political costs that deter default, focusing on reputational damage, creditor reprisals, spillover costs, and loss of office.
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Argentina's default and the lack of dire consequences
Economia Aplicada, 2011 We analyze the 2001 Argentine default on its foreign debt and its consequences in terms of the existing literature on sovereign debt default. It is our purpose to evaluate this experience and to see to what extent the Argentine case requires a re ...
Werner Baer +2 more
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The Recurrence of Long Cycles: Theories, Stylized Facts and Figures
World Review of Political Economy, 2019 Basic innovations and their diffusion, the expansion or contraction of the level of economic activity and the volume of international trade, rising sovereign debts and their defaults, conflicts and the outbreak of wars, are some ...
Lefteris Tsoulfidis, Aris Papageorgiou
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Államcsődök nyomában = Sovereign defaults [PDF]
, 2015 Az államoknak nyújtott hitelekre gyakran gondolunk biztonságos befektetésként, felettébb valószerűtlen kimenetelként kezelve az államcsőd lehetőségét.
Vidovics-Dancs, Ágnes
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