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IMF programs and borrowing costs : does size matter?

Chahine, Salim; Panizza, Ugo; Suedekum, Guilherme - 2024

Persistent link: https://www.econbiz.de/10014529331

Local currency sovereign debt markets, global financial conditions and the role of foreign investors

Suedekum, Guilherme - 2023

This paper studies how the presence of foreign investors in local currency sovereign debt markets contributes to the transmission of global financial conditions to emerging market economies. My estimations indicate that the higher the share of local currency government bonds held by foreign...

Persistent link: https://www.econbiz.de/10014445890

Die Schuldenkrise des Globalen Südens : Verfahren zu ihrer Bewältigung schaffen

Liebal, Mara; Rehbein, Kristina - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 67-76

Ausgelöst durch das Zusammentreffen niedriger Zinsen in reichen Ländern und einem hohen Finanzierungsbedarf für Infrastruktur in vielen ärmeren Ländern befindet sich die Verschuldung der Länder des Globalen Südens seit Jahren auf einem dramatisch hohen Niveau. Hohe Schuldendienstzahlungen...

Persistent link: https://www.econbiz.de/10012155264

Resolution of balance of payments crises : emergency financing and debt workouts

Ocampo Gaviria, José Antonio - 2015

-established deadlines, similar to that used in the World Trade Organization's dispute settlement process. …

Persistent link: https://www.econbiz.de/10010465432

Policy interventions in sovereign debt restructurings

Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2019

The wave of sovereign defaults in the early 1980s and the string of debt crises in the decades that followed have fostered proposals involving policy interventions in sovereign debt restructurings. A key question about these proposals that has proved hard to handle is how they in influence the...

Persistent link: https://www.econbiz.de/10012139015

Determinants of Sovereign Borrowings from the IMF

Jha, Raghbendra; Saggar, Mridul - 2014

We lay out the IMF's rationale for its role in the international economy; particularly in helping those countries that are going through balance of payments crises. We then try to decipher whether the actual lending pattern of the IMF conforms to this rationale. This is done in the context of...

Persistent link: https://www.econbiz.de/10014147402

The Price of Risk in Sovereign Latin-American Debt : A Term-Structure Perspective

Audzeyeva, Alena - 2014

dynamics that varies with bond maturity …

Persistent link: https://www.econbiz.de/10013060723

Restructuring sovereign bonds : holdouts, haircuts and the effectiveness of CACs

Fang, Chuck; Schumacher, Julian; Trebesch, Christoph - 2021 - This version: November 2020

dataset of 23 bond restructurings with external creditors since 1994. We then study the determinants of holdouts and find that … the size of creditor losses (haircuts) is among the best predictors at the bond level. In a restructuring, bonds with … action clauses (CACs) are effective in reducing holdout risks. However, classic CACs, with bond-by-bond voting, are not …

Persistent link: https://www.econbiz.de/10012405397

Sub-Saharan African Eurobond yields : What really matters beyond global factors?

Senga, Christian; Cassimon, Danny; Essers, Dennis - In: Review of development finance 8 (2018) 1, pp. 49-62

the short-term influence of our global and country variables across countries. We find no significant effect of bond …

Persistent link: https://www.econbiz.de/10011883240

The IMF's role in sovereign debt restructurings

IRC Task Force on IMF and Global Financial Governance Issues - 2021

The global recession caused by the COVID-19 pandemic and the resulting deterioration in many countries' public finances have increased the risk of sovereign debt crises. Although crisis prevention remains paramount, these developments have made it imperative to re-examine the adequacy of the...

Persistent link: https://www.econbiz.de/10012617783

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