Getting Shut Out of the International Capital Markets : It Doesn't Take Much /
We use a simple model of international lending to show that an emerging market borrower who might default can be shut out of international capital markets without warning. A modest haircut on obligations, for example, can shut down lending.
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2006/144 |
| Accés en línia: | Full text available on IMF |