 | 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...
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| Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity Author/Editor: Rodrigo Garcia-Verdu, Alexis Meyer-Cirkel, Akira Sasahara, Hans Weisfeld. Release Date:February, 2019 This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its more...
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| Trade Costs of Sovereign Debt Restructurings : Does a Market-Friendly Approach Improve the Outcome? Author/Editor: Tamon Asonuma, Marcos Chamon, Akira Sasahara. Release Date:November, 2016 Sovereign debt restructurings have been shown to influence the dynamics of imports and exports. This paper shows that the impact can vary substantially depending on whether the restructuring takes more...
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