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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Библиографическая информация
Главный автор: Asonuma, Tamon
Соавтор: IMF e-Library - York University
Другие авторы: Chamon, Marcos, Erce, Aitor, Sasahara, Akira
Формат: Электронная книга
Язык:English
Публикация: [Washington, D.C.] International Monetary Fund, [2019]
Серии:IMF working paper ; WP/19/69.
Предметы:
Online-ссылка:EBSCOhost
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