The costs of sovereign default / prepared by Eduardo Borensztein and Ugo Panizza.

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 a...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Authors:	Borensztein, Eduardo (Author), Ugo, Panizza (Author)
Corporate Author:	International Monetary Fund. Research Department
Format:	eBook
Language:	English
Published:	Washington, D.C. : International Monetary Fund, Research Dept., 2008.
Series:	IMF working paper ; WP/08/238.
Subjects:	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.