Sovereign Debt Defaults and Financing Needs /

We construct a financial vulnerability indicator that is consistent with the theoretical literature on determinants of defaults. It is based on the amount of new foreign financing that is needed to avoid a default or an import adjustment, expressed as a proportion of the country's sources of fo...

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Dettagli Bibliografici
Autore principale: Messmacher, Miguel
Altri autori: Kruger, Mark
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2004.
Serie:IMF Working Papers; Working Paper ; No. 2004/053
Accesso online:Full text available on IMF