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Sovereign Debt Restructurings 1950-2010

Sovereign Debt Restructurings 1950-2010 »

Source: Sovereign Debt Restructurings 1950-2010 : Literature Survey, Data, and Stylized Facts

Volume/Issue: 2012/203

Series: IMF Working Papers

Author(s): Christoph Trebesch , Michael Papaioannou , and Udaibir Das

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505535

Keywords: Sovereign Default, debt, restructuring, creditor, International Lending and Debt Problems,

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 cases, covering...

IMF Lending and Banking Crises1

IMF Lending and Banking Crises1 »

Source: IMF Lending and Banking Crises

Volume/Issue: 2015/19

Series: IMF Working Papers

Author(s): Luca Papi , Andrea Presbitero , and Alberto Zazzaro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2015

ISBN: 9781484308691

Keywords: lending, liquidity, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention...

Re-Accessing International Capital Markets After Financial Crises

Re-Accessing International Capital Markets After Financial Crises »

Source: Re-Accessing International Capital Markets After Financial Crises : Some Empirical Evidence

Volume/Issue: 2007/136

Series: IMF Working Papers

Author(s): Luisa Zanforlin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

ISBN: 9781451867008

Keywords: Re-access, capital markets, debt service, international capital, global liquidity, International Lending and Debt Problems, Economic Development: General,

The paper analyzes the factors that contribute to the re-access of countries that emerge from a severe financial crisis to the international capital markets. It conjectures that these factors depend on a sovereign'...

Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies

Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies »

Source: Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies

Volume/Issue: 2004/58

Series: IMF Working Papers

Author(s): John Cady

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

ISBN: 9781451847895

Keywords: Sovereign debt and yield spreads, data transparency, SDDS, bond, capital markets, international capital, bonds, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in private capital markets? This question is examined using detai...

Crises and Liquidity

Crises and Liquidity »

Source: Crises and Liquidity : Evidence and Interpretation

Volume/Issue: 2001/2

Series: IMF Working Papers

Author(s): Enrica Detragiache , and Antonio Spilimbergo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451841763

Keywords: Debt crises, creditor runs, short-term debt, debt service, probability, external debt, liquidity variables, International Lending and Debt Problems,

In a large panel of countries, we find that less liquid countries are more likely to default on their external debt. Specifically, for given total external debt, the probability of a crisis increases with the propo...

Debt Relief, Additionality, and Aid Allocation in Low Income Countries

Debt Relief, Additionality, and Aid Allocation in Low Income Countries »

Source: Debt Relief, Additionality, and Aid Allocation in Low Income Countries

Volume/Issue: 2003/175

Series: IMF Working Papers

Author(s): Robert Powell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

ISBN: 9781451858778

Keywords: low-income countries, HIPCs, additionality, debt, debt reduction, creditors, debt service payments, International Lending and Debt Problems,

This paper models the resource implications of debt relief provided to low-income countries (LICs). Obtaining debt relief does not necessarily lead to individual aid-dependent countries receiving more overall resou...

Recovery Rates From Distressed Debt

Recovery Rates From Distressed Debt »

Source: Recovery Rates From Distressed Debt : Empirical Evidence From Chapter 11 Filings, International Litigation, and Recent Sovereign Debt Restructurings

Volume/Issue: 2003/161

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

ISBN: 9781451857832

Keywords: Distressed debt, Chapter 11, Sovereign litigation, bond, bonds, market debt, sovereign debt, central bank, International Lending and Debt Problems, International Law

On a credit rating-adjusted basis, spreads on U.S. high-yield debt have typically been regarded as a lower bound for emerging market debt. However in the C-rated and defaulted segment, emerging market debt has trad...

Sudden Stops and IMF-Supported Programs1

Sudden Stops and IMF-Supported Programs1 »

Source: Sudden Stops and IMF-Supported Programs

Volume/Issue: 2006/101

Series: IMF Working Papers

Author(s): Barry Eichengreen , Poonam Gupta , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2006

ISBN: 9781451863611

Keywords: IMF-supported programs, current account, currency crises, current account balance, capital inflows, International Economic Order, International Lending and Debt Problems, Imf - Supported Programs,

Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analy...

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior »

Source: A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

Volume/Issue: 2014/176

Series: IMF Working Papers

Author(s): Calixte Ahokpossi , Laurence Allain , and Giovanna Bua

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

ISBN: 9781498349727

Keywords: Concessionality, debt limits policy, propensity score matching, external debt, public debt, private creditors, debt relief, concessional debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The pape...

Institutions and the External Capital Structure of Countries

Institutions and the External Capital Structure of Countries »

Source: Institutions and the External Capital Structure of Countries

Volume/Issue: 2004/236

Series: IMF Working Papers

Author(s): Paolo Mauro , and Andre Faria

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781451875713

Keywords: portfolio equity, external liabilities, fdi, institutional quality, direct investment, international investment, International Lending and Debt Problems, Financial Aspects of Economic Integration, porfolio equity,

A widespread view holds that countries that finance themselves through foreign direct investment (FDI) and portfolio equity, rather than bonds and loans, are less prone to crises. But what determines countries' ext...