Search Results - subject:"Debt crises"

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Debt Accumulation in the CIS-7 Countries; Bad Luck, Bad Policies, or Bad Advice

Mody, Ashoka; Sahay, Ratna; Helbling, Thomas - International Monetary Fund (IMF) - 2004

Following the breakup of the Soviet Union in 1992, several low-income countries in the Commonwealth of Independent States (CIS) accumulated substantial external debt in a short time span, about half of which is owed to multilateral financial institutions. Three factors contributed to the current...

Persistent link: https://www.econbiz.de/10005769237

Debt Maturity and the International Financial Architecture

Jeanne, Olivier - International Monetary Fund (IMF) - 2004

external debt disciplines the policies of debtor countries but makes them vulnerable to unwarranted debt crises owing to bad …

Persistent link: https://www.econbiz.de/10005605335

Fiscal Sustainability in Heavily Indebted Countries Dependenton Nonrenewable Resources; The Case of Gabon

Ntamatungiro, Joseph - International Monetary Fund (IMF) - 2004

This paper proposes a framework for assessing fiscal sustainability in heavily indebted countries dependent on exhaustible resources, with reference to Gabon. It finds that fiscal sustainability could be achieved by: (i) developing a fiscal rule for the non-oil primary fiscal balance compatible...

Persistent link: https://www.econbiz.de/10005248171

Debt Crises and the Development of International Capital Markets

Sy, Amadou N. R.; Pescatori, Andrea - International Monetary Fund (IMF) - 2004

-servicing difficulties in the 1980s, a period of numerous defaults on bank loans. However, defining defaults as debt crises is problematic … define debt crises as events occurring when either a country defaults or its bond spreads are above a critical threshold. We … debt crises, while they do not play any role in explaining defaults after 1994. …

Persistent link: https://www.econbiz.de/10005263954

The output costs of hard and soft sovereign default

Trebesch, Christoph; Zabel, Michael - In: European economic review : EER 92 (2017), pp. 416-432

Persistent link: https://www.econbiz.de/10011811879

Analysis of the seeds of the debt crisis in Europe

Yener, Haluk; Stengos, Thanasēs; Yazgan, Mustafa Ege - In: The European journal of finance 23 (2017) 13/15, pp. 1589-1610

Persistent link: https://www.econbiz.de/10012014706

Fiscal austerity during debt crises

Arellano, Cristina; Bai, Yan - In: Economic theory : official journal of the Society for … 64 (2017) 4, pp. 657-673

Persistent link: https://www.econbiz.de/10011946049

EU-Gipfelbeschlüsse: erste wichtige Schritte, aber keineswegs eine endgültige Lösung

Fichtner, Ferdinand; Junker, Simon; Schäfer, Dorothea - In: DIW Wochenbericht 78 (2011) 44, pp. 3-15

Die Beschlüsse des EU-Gipfels vom 26. und 27. Oktober sehen wichtige Schritte zur Bewältigung der Griechenlandkrise vor. Sie erleichtern Griechenlands Schuldensituation und verschaffen dem Land so finanzielle Spielräume, um Reformen umzusetzen. Eine Ablehnung von Reformen würde zu im Moment...

Persistent link: https://www.econbiz.de/10011602429

Sovereign defaults: The price of haircuts

Cruces, Juan J.; Trebesch, Christoph - 2011

A main puzzle in the sovereign debt literature is that defaults have only minor effects on subsequent borrowing costs and access to credit. This paper comes to a different conclusion. We construct the first complete database of investor losses (haircuts) in all restructurings with foreign banks...

Persistent link: https://www.econbiz.de/10010278882

Financial Crises In Spain: Lessons From The Last 150 Years

Betrán, Concha; Martín-Aceña, Pablo; Pons, María Angeles - Asociación Española de Historia Económica - AEHE - 2011

identify financial crises. We consider all types of crises, namely currency, banking, stock market and debt crises and all …

Persistent link: https://www.econbiz.de/10009294068