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Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel

Author/Editor: Tamon Asonuma, Marcos d Chamon, Aitor Erce, Akira Sasahara.

Release Date:March, 2019

Sovereign debt restructurings are associated with declines in GDP, investment, bank credit, and capital flows. The transmission channels and associated output and banking sector costs depend on more...



Price: $18.00
Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out

Author/Editor: Fernando Broner, Aitor Erce, Alberto Martin, Jaume Ventura.

Release Date:December, 2013

In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then thefinancial crisis erupted and pushed them into deep recessions, raising their deficits and more...



Price: $18.00