Crises and Liquidity : Evidence and Interpretation /

In a large panel of countries, we find that less liquid countries are more likely to default on their external debt. Specifically, for given total external debt, the probability of a crisis increases with the proportion of short-term debt and debt service coming due and decreases with foreign exchan...

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Dettagli Bibliografici
Autore principale: Detragiache, Enrica
Altri autori: Spilimbergo, Antonio
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2001.
Serie:IMF Working Papers; Working Paper ; No. 2001/002
Accesso online:Full text available on IMF