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Arrears to the IMF - A Ghost of the Past?

Arrears to the IMF - A Ghost of the Past? »

Source: Arrears to the IMF - A Ghost of the Past?

Volume/Issue: 2016/225

Series: IMF Working Papers

Author(s): Anne Oeking , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2016

ISBN: 9781475554823

Keywords: International Monetary Fund, External debt, Arrears, International Monetary Arrangements and Institutions, International Lending and Debt Problems

In this paper, we consider incidences of arrears to the IMF, focusing on protracted arrears cases and attempt to identify determinants of their occurrence. We use narrative and formal methods. In addition, we analy...

Sovereign Bond Restructuring

Sovereign Bond Restructuring »

Source: Sovereign Bond Restructuring : Collective Action Clauses and official Crisis Intervention

Volume/Issue: 2003/134

Series: IMF Working Papers

Author(s): Kenneth Kletzer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451855623

Keywords: international financial architecture, bond, bondholders, bonds, debt renegotiation, International Lending and Debt Problems, International Economic Order,

This paper compares the restructuring of sovereign bonds with and without collective action clauses. One conclusion is that collective action clauses can allow efficient debt renegotiation in a formal model of sove...

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...

Sovereign Defaults

Sovereign Defaults »

Source: Sovereign Defaults : The Role of Volatility

Volume/Issue: 2002/149

Series: IMF Working Papers

Author(s): Bennett Sutton , and Luis Catão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2002

ISBN: 9781451856903

Keywords: Macroeconomic Volatility, capital inflows, capital markets, sovereign defaults, international borrowing, International Lending and Debt Problems,

While the relationship between volatility and credit risk is central to much of the literature on finance and banking, it has been largely neglected in empirical macro studies on sovereign defaults. This paper pres...

IMF Lending in an Interconnected World

IMF Lending in an Interconnected World »

Source: IMF Lending in an Interconnected World

Volume/Issue: 2017/155

Series: IMF Working Papers

Author(s): Jean-Guillaume Poulain , and Julien Reynaud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2017

ISBN: 9781484305867

Keywords: IMF Lending, Interconnectedness, Spillovers, global financial cycle, General, International Monetary Arrangements and Institutions, International Lending and Debt Problems, International Policy Coordination and Transmission

We analyze the determinants of IMF lending since the early nineties, a period during which the roles of financial cycles and interconnectedness as amplifiers and transmitters of economic crises have gained prominen...

International Commodity Prices and Domestic Bank Lending in Developing Countries

International Commodity Prices and Domestic Bank Lending in Developing Countries »

Source: International Commodity Prices and Domestic Bank Lending in Developing Countries

Volume/Issue: 2017/279

Series: IMF Working Papers

Author(s): Isha Agrawal , Rupa Duttagupta , and Andrea Presbitero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781484333044

Keywords: Commodity prices, Developing countries, Bank lending; Commodity prices; Macro-financial linkages; Developing countries, Bank lending, Macro-financial linkages, General, International Lending and Debt Problems, Global Commodity Crises

We study the role of the bank-lending channel in propagating fluctuations in commodity prices to credit aggregates and economic activity in developing countries. We use data on more than 1,600 banks from 78 develop...

The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization?

The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization? »

Source: The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization?

Volume/Issue: 2017/232

Series: IMF Working Papers

Author(s): Eugenio Cerutti , and Haonan Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2017

ISBN: 9781484324868

Keywords: International financial markets, Cross-border Lending, Banking Network, Financial Interconnectedness, International Lending and Debt Problems, Financial Aspects of Economic Integration, Other

Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in the literature as a retreat in financial globalization. In this paper, we argue that aggregate...

As You sow so Shall You Reap

As You sow so Shall You Reap »

Source: As You sow so Shall You Reap : Public Investment Surges, Growth, and Debt Sustainability in togo

Volume/Issue: 2012/127

Series: IMF Working Papers

Author(s): Antonio David , Luis-Felipe Zanna , Raphael Espinoza , Michal Andrle , and Marshall Mills

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503647

Keywords: external debt, external borrowing, public debt, International Lending and Debt Problems, Monetary Growth Models,

This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic model that explicitly analyzes the links between public investment, economic growth, and debt sust...

Striking an Appropriate Balance Among  Public Investment, Growth, and Debt Sustainability in Cape Verde

Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde »

Source: Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde

Volume/Issue: 2012/280

Series: IMF Working Papers

Author(s): Yibin Mu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2012

ISBN: 9781475537819

Keywords: commercial borrowing, domestic debt, International Lending and Debt Problems, Institutions and Growth,

Despite relatively fast economic growth over the past few years, Cape Verde's public debt to GDP ratio has risenrapidly. Achieving an appropriate balance among public investment, growth, and debt sustainability has...

Debt Sustainability in Low-Income Countries

Debt Sustainability in Low-Income Countries »

Source: Debt Sustainability in Low-Income Countries : Policies, Institutions, or Shocks?

Volume/Issue: 2017/114

Series: IMF Working Papers

Author(s): Yasemin Bal Gunduz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475599732

Keywords: Low-income countries, external debt sustainability, General, International Lending and Debt Problems

This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies. The most prominent factors in raising the risk of debt...