The Costs of Sovereign Default:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Borensztein, Eduardo (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2008
Schriftenreihe:IMF Working Papers Working Paper No. 08/238
Links:http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
http://elibrary.imf.org/view/IMF001/09617-9781451870961/09617-9781451870961/09617-9781451870961.xml
Abstract: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 are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises
Umfang:1 Online-Ressource (50 p)
ISBN:1451870965
9781451870961