sovereign debt
The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises
... European sovereign debt crisis and finally the policy measures that stop the fragmentation of the Euro ...the sovereign debt ...Greek sovereign requested assistance from the European ...
46
Sovereign Debt Risk in Emerging Countries: Does Inflation Targeting Adoption Make Any Difference?
... on sovereign debt ratings is presented in Table 2, along with standard errors based on bootstrap resampling with 500 ...average sovereign debt rating in no-IT emerging countries approximately ...
42
Repurchase agreements and systemic risk in the European sovereign debt crises: the role of European clearing houses
... by sovereign debt, find that this market became stressed in terms of rates and haircuts in the periphery of the Eurozone in ...European sovereign debt market, tightening the link between ...
38
The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises
... We extend the basic model in order to take into account the peculiarity of the time period under review, characterized by the financial and the European sovereign debt crises. First, we test for the ...
45
How giant discoveries of natural resources impact sovereign debt ratings in developing and emerging countries ?
... increasing sovereign debt ratings following giant discoveries (Bolivia, Brazil, China, Ecuador, India, Indonesia, Kazakhstan, Mongolia, Pakistan, Peru, Philippines, Romania, Turkey), denominated hereafter ...
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Contagion by shared financial intermediary in the pre-1914 London sovereign debt market
... Using a hand-collected dataset of weekly bond prices and borrower-underwriters relationships in the pre-1914 London market for sovereign debt, we explore two events of [r] ...
32
Liquidity Contagion. The Emerging Sovereign Debt Markets example
... Abstract Financial markets are today so interconnected that they are fragile to contagion. Massive investment funds with very short horizons in -and out- flows can generate contagion effects between markets. Since 2010, ...
36
Liquidity Contagion. The Emerging Sovereign Debt Markets example
... Abstract Financial markets are today so interconnected that they are fragile to contagion. Massive investment funds with very short horizons in -and out- flows can generate contagion effects between markets. Since 2010, ...
42
Public debt versus Environmental debt: What are the relevant Tradeoffs?
... by debt emission may even lead the economy to an environmental poverty trap under a stabilizing debt ...and sovereign debt in a long term ...environmental debt along the balanced growth ...
21
Public Debt, Policy Mix and European Stability
... common debt, is a very useful tool to ensure the dynamic stability of the Euro ...common debt, to guarantee the dynamic stability of the area, whatever may be the nature of the ...of debt ceilings in ...
48
Sovereign default and imperfect tax enforcement
... responds to taxes, this adjustment directly affects default risk and significantly limits the returns to fiscal consolidations. We explore the implications of fluctuations in tax compliance on the dynamics of optimal ...
53
Sovereign bond yields in emerging Asia: New evidence
... determining sovereign bond ...that sovereign debt levels affect state spreads versus New Jersey (the benchmark) in a non-linear ...of debt, an increase of one percentage point in the ratio of ...
25
A Structural Balance Sheet Model of Sovereign Credit Risk
... analyze sovereign credit ...of sovereign strategic default as a first-hitting time problem using sovereign GDP as state ...renegotiating debt terms upon ...a debt write-off, using the ...
35
Sovereign risk modelling and applications
... for sovereign risk 1.1 Introduction The European sovereign debt crisis (often also referred to as the Eurozone crisis or the European debt crisis) is an on-going multi-year debt crisis ...
167
Essays on fiscal policy and public debt sustainability
... shows debt-maturity can play a significant role in the dynam- ics of public ...of sovereign debt in 13 advanced economies using an historical dataset ranging from 1900 to ...large debt ...
185
Environmental Policy and Public Debt Stabilization
... of debt (per capita) 5 and allows us to treat debt as a policy ...public debt is low enough and pub- lic abatement su!ciently e!cient, the economy monotonically converges to a long-run steady ...
27
Sovereign wealth funds : governance, performance and durability
... created sovereign funds, and their funds are financed by oil ...if sovereign funds could manage to survive and developed their assets in case their financing ceases, that is if they could become resource’s ...
60
Debt enforcement and the return on money
... In this paper, I provide a framework in which …at money has value in equilibrium, even though a higher-return asset is available and there are neither restrictions nor transaction costs which prevent agents from using ...
23
Sovereign Wealth Funds and the Global Financial System
... Established in 1981, the Government of Singapore Investment Corporation (more commonly GIC) has grown over the years to become one of the most influential SWFs in the world. With a wide diversified portfolio in corporate ...
86
Inflation, debt enforcement and currency competition
... Competition, Debt Enforcement, Banking JEL Classi…cation: E41, E50, E51 I would like to thank Jung-Hyun Ahn, David Andolfatto, Luis Araujo, Aleksander Berentsen, Vincent Bignon, Régis Breton, Jean Cartelier, ...
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