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Economic and political determinants of sovereign default and IMF credit use : a robustness assessment post 2010

Maddah, Lina; Sherry, Hassan; Zeaiter, Hussein - In: Economies : open access journal 12 (2024) 7, pp. 1-36

According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share since the mid-1960s. Despite the vast research on alarming levels of sovereign default, the literature remains inconclusive. This paper investigates macroeconomic, financial,...

Persistent link: https://www.econbiz.de/10014636157

Does Sovereign Debt Weaken Economic Growth? A Panel VAR Analysis

Lof, Matthijs - 2014

We estimate panel vector autoregressions to analyze the highly disputed relationship between sovereign debt and …

Persistent link: https://www.econbiz.de/10013050542

Debt and economic growth : does size matter? : evidence from dynamic parametric and static non-parametric approaches

Reyes-Tagle, Gerardo; Muñoz, Jorge - 2023

approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we …

Persistent link: https://www.econbiz.de/10014461312

Post-Crisis Debt Overhang : Growth Implications Across Countries

Elmeskov, Jörgen - 2012

Public debt in the OECD area passed annual GDP in 2011 and is still rising. For many countries, just stabilising debt - let alone bringing it down to a more sustainable level - is a major challenge. The debt overhangs can affect growth through channels such as raising the cost of capital. The...

Persistent link: https://www.econbiz.de/10013111470

Growth, Debt, and Inequality

Marchionne, Francesco - 2014

After the 2009 global recession, many papers identified a non-linear inverted U-shaped relationship between economic growth and sovereign debt. However, their results are mixed regarding the exact turning point and, recently, the direction of its causality. According the traditional view, we...

Persistent link: https://www.econbiz.de/10013047339

Does energy consumption matter for climate change in Africa? : new insights from panel data analysis

Kelly, Arsene Mouongue; Ngo Nguéda Spouse Radler, … - In: Innovation and green development 3 (2024) 3, pp. 1-10

Africa, abundant in natural resources, faces growth challenges due to widespread energy poverty and heightened biofuel use with severe environmental impacts. Recognizing the connection between energy consumption and climate change is crucial for implementing sustainable solutions and...

Persistent link: https://www.econbiz.de/10015054128

The Sovereign Debt Listing Puzzle

de Fontenay</!>, Elisabeth - 2018

Why do almost all sovereign nations list their international bonds on stock exchanges? We examine several hypotheses for what drives sovereigns to list and where. In particular, we test the often invoked “bonding hypothesis,” which posits that exchanges perform a certification and monitoring...

Persistent link: https://www.econbiz.de/10012935387

A dynamic causality study between electricity consumption and economic growth for global panel : evidence from 76 countries

Hossain, Md. Sharif; Saeki, Chikayoshi - 2012

income classification and global) using time series data from 1960 to 2008. Three panel unit root tests results support that … both the variables are integrated of order 1 for all panels except low income panel. Only the variable economic growth is … integrated of order 1 for low income panel. The Kao and Johansen Fisher panel conintegration tests results support that both the …

Persistent link: https://www.econbiz.de/10009690044

From Debt Collection to Relief Provision : 60 Years of Official Debt Restructurings Through the Paris Club

Cheng, Gong - 2017

Despite the frequency of official debt restructurings, little systematic evidence has been produced on their characteristics and implications. Using a dataset covering more than 400 Paris Club agreements, this paper aims to fill that gap. It provides a comprehensive description of the evolving...

Persistent link: https://www.econbiz.de/10012955750

International Reserves versus External Debts : Can International Reserves Avoid Future Financial Crisis in Indebted Countries?

Mansour, Layal - 2013

The aim of this paper is to evaluate the economic consequences on the countries that on one hand protect themselves from future financial crises by accumulating international reserves (IR) while on the other hand expose themselves to severe financial crisis due to their excessive internal and/or...

Persistent link: https://www.econbiz.de/10013075742