Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel /
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Author / Creator: | Asonuma, Tamon, author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, [2019] ©2019 |
Description: | 1 online resource (91 pages) |
Language: | English |
Series: | IMF Working Paper ; WP/19/69 IMF working paper ; WP/19/69. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12509931 |
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050 | 4 | |a HG3891.5 |b .A76 2019 | |
100 | 1 | |a Asonuma, Tamon, |e author. | |
245 | 1 | 0 | |a Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel / |c by Tamon Asonuma, Marcos Chamon, Aitor Erce, and Akira Sasahara. |
264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c [2019] | |
264 | 4 | |c ©2019 | |
300 | |a 1 online resource (91 pages) | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a IMF Working Paper ; |v WP/19/69 | |
504 | |a Includes bibliographical references. | ||
520 | 3 | |a 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'. | |
588 | 0 | |a Print version record. | |
650 | 0 | |a Debts, External |x Econometric models. | |
650 | 0 | |a Default (Finance) |x Econometric models. | |
650 | 6 | |a Dettes extérieures |x Modèles économétriques. | |
650 | 6 | |a Défaillance (Finances) |x Modèles économétriques. | |
650 | 7 | |a Debts, External |x Econometric models. |2 fast |0 (OCoLC)fst00888832 | |
650 | 7 | |a Default (Finance) |x Econometric models. |2 fast |0 (OCoLC)fst00889574 | |
655 | 4 | |a Electronic books. | |
700 | 1 | |a Chamon, Marcos, |e author. |0 http://id.loc.gov/authorities/names/no2004114048 | |
700 | 1 | |a Erce, Aitor, |e author. | |
700 | 1 | |a Sasahara, Akira, |e author. |0 http://id.loc.gov/authorities/names/no2016171488 | |
710 | 2 | |a IMF e-Library - York University. | |
776 | 0 | 8 | |i Print version: |t Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel. |d Washington, D.C. : International Monetary Fund, 2019 |
830 | 0 | |a IMF working paper ; |v WP/19/69. |0 http://id.loc.gov/authorities/names/no89010263 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2019/069/001.2019.issue-069-en.xml |y INTERNATIONAL MONETARY FUND |
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928 | |t Library of Congress classification |a HG3891.5.A76 2019 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2019/069/001.2019.issue-069-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12154513 |