IMF Staff Papers: Volume 56, No. 4
This paper empirically evaluates four types of costs 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...
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| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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| Schriftenreihe: | IMF Staff Papers
IMF Staff Papers, Volume 56, No |
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| Zusammenfassung: | This paper empirically evaluates four types of costs 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 |
| Beschreibung: | 1 Online-Ressource (295 p) |
| ISBN: | 1589069102 9781589069107 |
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| index_date | 2024-07-03T20:13:15Z |
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| spelling | International Monetary Fund Research Dept oth IMF Staff Papers Volume 56, No. 4 Washington, D.C International Monetary Fund 2009 1 Online-Ressource (295 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Papers IMF Staff Papers, Volume 56, No This paper empirically evaluates four types of costs 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 Online-Ausg International Monetary Fund Research Dept Sonstige oth http://elibrary.imf.org/view/IMF024/10477-9781589069107/10477-9781589069107/10477-9781589069107.xml Verlag URL des Erstveröffentlichers Volltext |
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