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sovereign debt

Sovereign debt and structural reforms

Sovereign debt and structural reforms

... of sovereign debt that rests on four building ...that sovereign debt is subject to limited enforcement, and that countries can renege on their obligations subject to real costs as in, ...which ...

79

Sovereign debt, volatility, and insurance

Sovereign debt, volatility, and insurance

... External debt increases the vulnerability of indebted emerging market economies to macroeconomic volatility and financial ...lead sovereign debt repayment crises that are only resolved after ...

26

Sovereign Debt: Now What?

Sovereign Debt: Now What?

... for sovereign debt restructuring and the trends that have destabilized ...for sovereign debt restructuring, 6 and harnesses existing institutions—the IMF, national courts, industry and civil ...

52

Sovereign Debt and Structural Reforms

Sovereign Debt and Structural Reforms

... on debt overhang initiated by Krugman ...exogenous debt showing that a large debt can deter the borrower from undertaking productive ...high debt increases the volatility of consumption by ...

56

Default-risky Sovereign Debt

Default-risky Sovereign Debt

... to sovereign debt, but they do not use any relation between the default event and fundamentals like the exchange rate or the foreign reserves of the central ...

23

Essays on sovereign debt and default

Essays on sovereign debt and default

... quantitative sovereign debt default ...the sovereign debt default literature has developed ...titative sovereign default models in endowment economies to generate equilibrium default ...

129

Will The Sovereign Debt Market Survive?

Will The Sovereign Debt Market Survive?

... old debt, it has no incentive to pay creditors anything, and in fact has every reason to remain in "sovereign bankruptcy" ...no sovereign debt market in the long ...

15

Supersanctions and Sovereign Debt Repayment

Supersanctions and Sovereign Debt Repayment

... enforcing sovereign debt ...promoting debt repayment during the classical gold standard ...new debt issues fell by more than 60 percent, yield spreads declined approximately 800 basis points, ...

47

The Links between Sovereign Debt Spreads and Sovereign Rating Evaluations

The Links between Sovereign Debt Spreads and Sovereign Rating Evaluations

... European sovereign debt crisis has renewed the debate on the role credit rating agencies play during ...This debt crisis has been the theater of sovereign credit rating downgrades, widening of ...

20

Leader reputation and default in sovereign debt

Leader reputation and default in sovereign debt

... This paper compares default incentives in competitive sovereign debt markets when leaders can be either democratically elected or dic- tators. When leaders can be replaced as in democracies, the incentives ...

20

Essays on Sovereign Debt Crisis

Essays on Sovereign Debt Crisis

... endogenous sovereign default model is not regarded as an appropriate tool for the analysis of the European debt ...new sovereign debt crisis model which is applicable to an advanced ...the ...

167

Fairness in sovereign debt restructuring

Fairness in sovereign debt restructuring

... restructuring sovereign debt has generally remained vague regarding the question about the specific structure of the negotiation processes between a debtor and its private ...a sovereign debtor and ...

31

The Sovereign-Debt Listing Puzzle

The Sovereign-Debt Listing Puzzle

... of sovereign-debt lawyers, the Luxembourg Stock Exchange was uncharacteristically slow to implement the requirements of the Prospectus Directive relative to London and ...

44

Enforcement in sovereign debt markets

Enforcement in sovereign debt markets

... issuing sovereign debt on international capital markets qualifies as a commercial activity, and that a subsequent suspension of payments causes a direct effect in the United States according to the ...

258

Buyback of Colombian Sovereign Debt

Buyback of Colombian Sovereign Debt

... high-yield sovereign debt could be considered a good ...Colombian sovereign debt might be regarded as a good trade, it might still not be a good idea for the Central Bank to execute such a ...

60

Research on The Sustainability of Sovereign Debt

Research on The Sustainability of Sovereign Debt

... European sovereign debt crisis in 2010. Fiscal deficits and debt stocks of emerging markets and developing countries are on the rise because of the impact of the global economic ...of ...

17

The Relevance of Law to Sovereign Debt

The Relevance of Law to Sovereign Debt

... of debt continuity, like other legal rules, reflects a broader political, economic, and social ...of sovereign lending, the modern era is characterized by substantially lower barriers to ...its debt ...

16

The Greek sovereign debt crisis and the Eurosystem

The Greek sovereign debt crisis and the Eurosystem

... EFSM’s debt is backed by the EU budget; hence, its securities are viewed as good ...European sovereign debt crisis it is difficult to argue that the severe difficulties faced by some member states ...

8

Sovereign Debt as Intertemporal Barter

Sovereign Debt as Intertemporal Barter

... of sovereign debt can similarly be characterized as depen- dent on positive or negative awards administered by a third party whose credibility is ...

36

Essays in sovereign debt and sovereign credit ratings

Essays in sovereign debt and sovereign credit ratings

... its debt it also has a higher expected future benefit in reducing ...of debt - the present cost of a debt reduction is the same across ...its debt so that to differentiate itself from less ...

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