The costs of sovereign default /

The costs of sovereign default /

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Bibliographic Details
Author / Creator:	Borensztein, Eduardo, author.
Imprint:	Washington, D.C. : International Monetary Fund, Research Dept., 2008.
Description:	1 online resource (52 pages .)
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/08/238 IMF working paper ; WP/08/238.
Subject:	Default (Finance) -- Econometric models. Debts, External -- Econometric models. Debts, Public. Financial crises -- Econometric models. Bank failures -- Econometric models. Government securities -- Econometric models. Country risk -- Econometric models. Bank failures -- Econometric models. Country risk -- Econometric models. Debts, External -- Econometric models. Debts, Public. Default (Finance) -- Econometric models. Financial crises -- Econometric models. Government securities -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499545

Hidden Bibliographic Details
Other authors / contributors:	Ugo, Panizza, author. International Monetary Fund. Research Department.
ISBN:	1451915497 9781451915495 1462331572 9781462331574 1452701652 9781452701653 1282841890 9781282841895 9786612841897 6612841893 9781451870961 1451870965
Digital file characteristics:	text file
Notes:	"October 2008." Includes bibliographical references (pages 24-27). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2011 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper evaluates empirically four types of cost that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic costs are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises.
Other form:	Print version: Borensztein, Eduardo. Costs of sovereign default. Washington, D.C. : International Monetary Fund, Research Dept., 2008
Standard no.:	10.5089/9781451915495.001