Author/Editor: Michael G Papaioannou, Joonkyu Park, Jukka Pihlman, Han van der Hoorn.

Release Date:September, 2013

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for more...

Author/Editor: Udaibir S. Das, Michael G Papaioannou, Christoph Trebesch.

Release Date:August, 2012

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring more...

Author/Editor: Udaibir S Das, Jay Surti, Faisal Ahmed, Michael G Papaioannou, Guilherme Pedras.

Release Date:December, 2010

This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which the two are interlinked. It suggests that the more...

Author/Editor: Iva Petrova, Michael G Papaioannou, Dimitri Bellas.

Release Date:December, 2010

This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and temporary (financial market) factors on more...

Author/Editor: Aaron Howard Clifford Brown, Michael G Papaioannou, Iva Petrova.

Release Date:January, 2010

This paper analyses the links between the investment strategies of a commodity-based SWF and the macroeconomic framework of the owner country. We examine some basic macrofinancial linkages of an more...

Author/Editor: Magdalena Polan, Udaibir S. Das, Michael G. Papaioannou.

Release Date:November, 2008

The recent round of debt relief has restored debt sustainability in many low-income countries (LICs). This, along with a continued search for yield and desire for portfolio diversification by more...