Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel
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 whether the restructuring takes place preemptively, without missing payments to creditors, or whether it t...
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| Other Authors: | , , |
| Format: | eBook |
| Language: | English |
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[Washington, D.C.]
International Monetary Fund,
[2019]
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| Series: | IMF working paper ;
WP/19/69. |
| Subjects: | |
| Online Access: | EBSCOhost Перейти в каталог НБ ТГУ |