The Cost of Aggressive Sovereign Debt Policies

Released on by Christoph Trebesch
preview-18

  • The Cost of Aggressive Sovereign Debt Policies Book Detail

  • Author : Christoph Trebesch
  • Release Date : 2009-02-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 37
  • ISBN 13 : 1451871767
  • File Size : 51,51 MB
DOWNLOAD BOOK

The Cost of Aggressive Sovereign Debt Policies by Christoph Trebesch PDF Summary

Book Description: This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as a proxy for excusable versus inexcusable default behaviour and used to evaluate the costs of default for the domestic private sector, in particular its access to international debt markets. Our findings indicate that unilateral, aggressive sovereign debt policies lead to a strong decline in corporate access to external finance (loans and bond issuance). We conclude that coercive government actions towards external creditors can have strong signalling effects with negative spillovers on domestic firms. "Good faith" debt renegotiations may be crucial to minimize the domestic costs of sovereign defaults.

Disclaimer: www.yourbookbest.com does not own The Cost of Aggressive Sovereign Debt Policies books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Sovereign Debt and the Financial Crisis

Sovereign Debt and the Financial Crisis

File Size : 79,79 MB
Total View : 3823 Views
DOWNLOAD

The book presents and discusses policy-relevant research on the current debt challenges which developing, emerging market and developed countries face. Its valu

The Sovereign Debt Crisis

The Sovereign Debt Crisis

File Size : 3,3 MB
Total View : 3096 Views
DOWNLOAD

"The Sovereign Debt Crisis," 2012 edition, looked at how governments ran up substantial deficits in order to avert a worldwide depression and their subsequent a