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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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.
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Call Number: HG3810
HG3810 Available