Results 51 to 60 of about 1,040 (123)
Államcsődök nyomában = Sovereign defaults [PDF]
, 2015 Az államoknak nyújtott hitelekre gyakran gondolunk biztonságos befektetésként, felettébb valószerűtlen kimenetelként kezelve az államcsőd lehetőségét.
Vidovics-Dancs, Ágnes
core +1 more source
Sovereign Debt as Intertemporal Barter [PDF]
Borrowing and lending between sovereign parties is modeled as intertemporal barter that smoothes the consumption of a risk-averse party subject to endowment shocks.
Kenneth M. Kletzer, Brian D. Wright
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IMF in Theory: Sovereign Debts, Judicialisation and Multilateralism [PDF]
It is argued that the successive regimes for restructuring sovereign debts, since the early 20th century have been shaped by the articulation of three institutional functions: information gathering and economic expertise, then third-party mediation ...
Jerome Sgard
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Funding Empire: Risk, Diversification, and the Underwriting of Early Modern Sovereign Loans. [PDF]
Lending to early modern monarchs could be very profitable, yet highly risky. International financiers unlocked the excess returns in sovereign debt markets by parceling out the risk and transferring it to downstream investors in exchange for financial ...
Voth, Hans-Joachim, Drelichman, Mauricio
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Fairness in sovereign debt restructuring [PDF]
Experience from events of sovereign debt restructuring over the last decade exemplifies that the prevailing process is mainly shaped by exchange-offer launched by the debtor.
Engelen, Christian +1 more
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Sovereign defaults and banking crises [PDF]
, 2017 Episodes of sovereign default feature three key empirical regularities in connection with the banking systems of the countries where they occur: (i) sovereign defaults and banking crises tend to happen together, (ii) commercial banks have substantial ...
Sosa-Padilla, César
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Sovereign default risk with heterogenous borrowers [PDF]
We study a standard quantitative model of sovereign default in which the government in a small open economy (SMO) decides how much to save and whether to default on its debt.
Horacio Sapriza +2 more
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The Costs of Sovereign Default
IMF Working Papers, 2008 This paper evaluates empirically four types of cost that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities.
Eduardo Borensztein, Ugo Panizza
openaire +3 more sources
The Stock of External Sovereign Debt: Can We Take the Data At ‘Face Value’? [PDF]
The stock of sovereign debt is typically measured at face value. This is a misleading indicator when debts are issued with different contractual forms.
Mark L.J. Wright +2 more
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Do Sovereign Defaults Hurt Exporters?
Sovereign debt, Defaults, Exports, F34, F10,
Ugo Panizza, Eduardo Borensztein
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