Series: IMF Working Papers
Author(s): Eduardo Borensztein , and Ugo Panizza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2008
Keywords: Country Risk, banking, banking crises, banking crisis, sovereign default,
This paper evaluates empirically four types of cost that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financ...