Results 31 to 40 of about 1,040 (123)
Fiscal Rules and the Sovereign Default Premium [PDF]
IMF Working Papers, 2012 We study fiscal rules using a sovereign default model. A debt-brake (spread-brake) rule imposes a ceiling on the fiscal deficit when the sovereign debt (spread) is above a threshold. For our benchmark calibration, similar gains can be achieved with the optimal debt or spread brake.
Juan Carlos Hatchondo +2 more
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Sovereign defaults before International courts and tribunals
, 2011 "International law on sovereign defaults is underdeveloped because States have largely refrained from adjudicating disputes arising out of public debt.
Waibel, Michael, ProQuest (Firm)
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The Domestic Side of Sovereign Defaults [PDF]
, 2020 Sovereign defaults are increasingly affecting liabilities governed by local law and held by local residents. This paper provides an overview of the existing literature on domestic defaults, describes a novel dataset that codifies defaults according to ...
Inter-American Development Bank
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Sovereign credit ratings and their impact on recent financial crises [PDF]
, 2000 This paper discusses the role of the credit rating agencies during the recent financial crises. In particular, it examines whether the agencies can add to the dynamics of emerging market crises.
Kräussl, Roman
core
International Finance Discussion Papers, 2018 Governments issue debt both domestically and abroad. This heterogeneity introduces the possibility for governments to operate selective defaults that discriminate across investors. Using a novel dataset on the legal jurisdiction of sovereign defaults that distinguishes between defaults under domestic law and default under foreign law, we show that ...
Aitor Erce, Enrico Mallucci
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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
doaj
Political Constraints and Sovereign Default [PDF]
SSRN Electronic Journal, 2022 Marina Azzimonti, Nirvana Mitra
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Debts unravelled: trust law's unbiased approach to resolving sovereign defaults.
, 2023 Sovereign debt defaults have long ignited debate in international finance as debtors, creditors and global entities wrestle with clashing interests. Trust law emerges as a fair and objective method, with trusts formed to manage and disburse funds for ...
Charles Ho Wang Mak +1 more
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Risk sharing with the monarch: Excusable defaults and contingent debt in the age of Philip II, 1556-1598 [PDF]
Contingent sovereign debt can create important welfare gains. Nonetheless, there is almost no issuance today. Using hand-collected archival data, we examine the first known case of large-scale use of state-contingent sovereign debt in history.
Maurizio Drelichman, Joachim Voth
core
Sovereign Default Analysis through Extreme Events Identification
Management Dynamics in the Knowledge Economy, 2015 This paper investigates contagion in international credit markets through the use of a novel jump detection technique proposed by Chan and Maheuin (2002).
Vasile George MARICA +1 more
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