The Costs of Sovereign Default /

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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Detalles Bibliográficos
Autor Principal: Borensztein, Eduardo
Outros autores: Panizza, Ugo
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/238
Acceso en liña:Full text available on IMF