The costs of sovereign default /

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. It finds that the economic costs a...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Borensztein, Eduardo (Autor), Ugo, Panizza (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Research Dept., 2008.
Colección:IMF working paper ; WP/08/238.
Temas:
Default (Finance) > Econometric models.
Debts, External > Econometric models.
Debts, Public.
Financial crises > Econometric models.
Bank failures > Econometric models.
Government securities > Econometric models.
Country risk > Econometric models.
Défaillance (Finances) > Modèles économétriques.
Dettes extérieures > Modèles économétriques.
Dettes publiques.
Crises financières > Modèles économétriques.
Banques > Faillites > Modèles économétriques.
Effets publics > Modèles économétriques.
Risque pays > Modèles économétriques.
Bank failures > Econometric models
Country risk > Econometric models
Debts, External > Econometric models
Debts, Public
Default (Finance) > Econometric models
Financial crises > Econometric models
Government securities > Econometric models
Öffentliche Schulden.
Internationaler Kredit.
Debt Management.
Länderrisiko.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Two Hundred Years of Sovereign Default; III. Default and GDP Growth; IV. Default and Reputation; V. Default and International Trade; VI. Default and the Domestic Banking System; VII. Political Implications of Default; VIII. Conclusions; References; Figures; 1. Number of Defaults (1824-2004); Tables; 1. Default Episodes; 2. Default and Growth, Panel 1972-2000; 3. Default and Growth, Panel 1972-2000; 4. Default and Credit Ratings, Cross Section Regression, 1999-2002; 5. Defaults and Bond Spreads, Panel Regression, 1997-2004; 6. Default and Trade Credit
  • 7. Default and Trade: Does Trade Credit Matter?8. Probabilities of Default and Banking Crisis; 9. Default and Industry Value-Added Growth; 10. Defaults and Elections; 11. Type of Default; 12. Type of Default and Government; Appendix Tables; A1. Private Lending to Sovereign. Default and Rescheduling; A2: Logit Model for the Probability of Default

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