Verfügbarkeit: When sovereigns go bankrupt | Technische Universität München

When sovereigns go bankrupt: a study on sovereign risk

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Bibliographische Detailangaben
Beteilige Person:	Gaillard, Norbert (VerfasserIn)
Format:	Buch
Sprache:	Englisch
Veröffentlicht:	Cham [u.a.] Springer 2014
Schriftenreihe:	Springer briefs in economics
Schlagwörter:	Länderrisiko Kreditwürdigkeit Öffentliche Schulden
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027436464&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Umfang:	XI, 70 S.
ISBN:	3319089870 9783319089874

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Datensatz im Suchindex

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adam_text	Contents Introduction............................................................ ix 1 Identifying Sovereign Defaults...................................... 1 1.1 Repudiation.................................................... 3 1.2 Missed Payments.................................................. 4 1.3 Moratorium..................................................... 4 1.4 Restructuring . ........................................... 5 1.4.1 Unilateral Restructuring................................ 5 1.4.2 Negotiated Restructuring.................................. 7 1.5 Defaults Due to Exchange Controls.............................. 8 1.6 Special Taxes on Bonds.......................................... 9 1.7 Monetary Erosion............................................... 9 1.8 Creditor Loss by Default Type............................... 10 2 3 2 Protecting Against Sovereign Defaults............................... 13 2.1 Protection Clauses in Bond and Loan Covenants.................. 14 2.1.1 The Long Road to Enforcement of Sovereign Debt Contracts............................................. 14 2.1.2 Securing Debt............................................ 16 2.1.3 Avoiding Subordination.................................. 17 2.1.4 Avoiding Monetary Erosion.............................. 18 2.1.5 Arranging for Guaranteed Debt........................... 19 2.1.6 Facilitating Debt Restructurings....................... 20 2.2 Hedging and Insurance Contracts.............................. 20 2.2.1 Hedging Instruments...................................... 20 2.2.2 Guarantee Insurance Contracts........................... 21 3 Preventing Sovereign Defaults................................... 23 3.1 Financial and Economic Advising.............................. 23 3.2 Conditional Lending.......................................... 25 3.2.1 Conditionality Imposed by Creditor States............... 25 vii Contents • · « VU1 3.2.2 Conditionality Imposed by Banks., 3.2.3 Conditionality Imposed by the IMF 4 Anticipating Sovereign Debt Crises......... 4.1 Traditional Indicators of Sovereign Risk.. 4.1.1 Interest Rate Spreads........... 4.1.2 Sovereign Ratings............... 4.1.3 Euromoney Country Risk Ratings. 4.2 Comparison of Sovereign Risk Indicators. 4.3 Threats to Sovereign Creditworthiness... 4.3.1 Natural Disaster................ 4.3.2 Geopolitical Risk....................................... 41 4.3.3 Institutional and Political Risk........................ 42 4.3.4 Economic Risk........................................... 42 4.3.5 Monetary and Exchange Rate Risk......................... 43 4.3.6 Fiscal and Tax-System Risk.............................. 43 4.3.7 Debt-Related Risk....................................... 44 Conclusion............................................................ 45 Appendix 1A: Sovereign Debt Restructurings, 1970-2010 ................ 47 Appendix IB: Foreign Debt Adjustment Plan of 1943 Affecting Brazilian External Debt............................................. 51 Appendix 2: Contractual Clauses Included in the “$546,786,000 - U.S. Dollar Bonds Due 2029” Issued by Belize in 2007 ......... 53 Appendix 3A: Letter of Intent from Ghana to the IMF, 2009 ............ 57 Appendix 3B: IMF Conditionality for Ghana, 2009-2010 ................ 59 Appendix 4: Ratings Issued by Fitch, Moody’s, S P, and ECR Compared with l-year and 10-year Bond Yields as of 14 January 2014............................................ 61 Bibliography............................................................ 65
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ctrlnum	(OCoLC)891363043 (DE-599)BVBBV041994283
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indexdate	2024-12-20T16:59:39Z
institution	BVB
isbn	3319089870 9783319089874
language	English
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physical	XI, 70 S.
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series2	Springer briefs in economics
spellingShingle	Gaillard, Norbert When sovereigns go bankrupt a study on sovereign risk Länderrisiko (DE-588)4114347-4 gnd Kreditwürdigkeit (DE-588)4032951-3 gnd Öffentliche Schulden (DE-588)4043153-8 gnd
subject_GND	(DE-588)4114347-4 (DE-588)4032951-3 (DE-588)4043153-8
title	When sovereigns go bankrupt a study on sovereign risk
title_auth	When sovereigns go bankrupt a study on sovereign risk
title_exact_search	When sovereigns go bankrupt a study on sovereign risk
title_full	When sovereigns go bankrupt a study on sovereign risk Norbert Gaillard
title_fullStr	When sovereigns go bankrupt a study on sovereign risk Norbert Gaillard
title_full_unstemmed	When sovereigns go bankrupt a study on sovereign risk Norbert Gaillard
title_short	When sovereigns go bankrupt
title_sort	when sovereigns go bankrupt a study on sovereign risk
title_sub	a study on sovereign risk
topic	Länderrisiko (DE-588)4114347-4 gnd Kreditwürdigkeit (DE-588)4032951-3 gnd Öffentliche Schulden (DE-588)4043153-8 gnd
topic_facet	Länderrisiko Kreditwürdigkeit Öffentliche Schulden
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027436464&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
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