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dc.contributor.author | Asonuma Tamon | |
dc.contributor.author | Chamon Marcos | |
dc.contributor.author | Erce Aitor | |
dc.contributor.author | Sasahara Akira | |
dc.date.accessioned | 2024-01-29T21:44:41Z | |
dc.date.available | 2024-01-29T21:44:41Z | |
dc.date.issued | 2019 | |
dc.identifier.citation | Asonuma. Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel IMF working paper ;, WP/19/69. - 1 online resource (91 pages) - URL: https://libweb.kpfu.ru/ebsco/pdf/2105741.pdf | |
dc.identifier.isbn | 1498303250 | |
dc.identifier.isbn | 1498305016 | |
dc.identifier.isbn | 9781498303255 | |
dc.identifier.isbn | 9781498305013 | |
dc.identifier.uri | https://dspace.kpfu.ru/xmlui/handle/net/179834 | |
dc.description | Includes bibliographical references. | |
dc.description.abstract | 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 takes place after a default has occurred. Post-default restructurings are associated with larger declines in bank credit, an increase in lending interest rates, and a higher likelihood of triggering a banking crisis than pre-emptive restructurings. Our local projection estimates show large declines in GDP, investment, and credit amplified by severe sudden stops and transmitted through a 'capital inflow-credit channel'. | |
dc.language | English | |
dc.language.iso | en | |
dc.relation.ispartofseries | IMF Working Paper. WP/19/69 | |
dc.relation.ispartofseries | IMF working paper ;. WP/19/69. | |
dc.subject.other | Debts, External -- Econometric models. | |
dc.subject.other | Default (Finance) -- Econometric models. | |
dc.subject.other | Debts, External -- Econometric models. | |
dc.subject.other | Default (Finance) -- Econometric models. | |
dc.subject.other | Electronic books. | |
dc.title | Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel IMF working paper ;, WP/19/69./ by Tamon Asonuma, Marcos Chamon, Aitor Erce, and Akira Sasahara. | |
dc.type | Book | |
dc.contributor.org | IMF e-Library - York University. | |
dc.description.pages | 1 online resource (91 pages) | |
dc.collection | Электронно-библиотечные системы | |
dc.source.id | EN05CEBSCO05C273 |