Coverart for item
The Resource Sovereign debt restructuring and growth, prepared by Lorenzo Forni, Geremia Palomba, Joana Pereira, Christine Richmond

Sovereign debt restructuring and growth, prepared by Lorenzo Forni, Geremia Palomba, Joana Pereira, Christine Richmond

Label
Sovereign debt restructuring and growth
Title
Sovereign debt restructuring and growth
Statement of responsibility
prepared by Lorenzo Forni, Geremia Palomba, Joana Pereira, Christine Richmond
Creator
Contributor
Author
Issuing body
Publisher
Subject
Genre
Language
eng
Summary
This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so bad) debt restructurings for growth. While growth generally declines in the aftermath of a sovereign debt restructuring, agreements that allow countries to exit a default spell (final restructurings) are associated with improving growth. The impact can be significant. In general, three years after restructuring, growth is about 5 percent lower compared to countries that did not face restructuring over the same period. The exception is for final restructurings, which result in positive growth in the years immediately after the restructuring. Final restructurings tend to be better for growth because they reduce countries' debt, with the strongest effect for countries that exit restructurings with relatively low debt levels
Member of
Cataloging source
SIMAS
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Forni, Lorenzo
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 16/147 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1966-
http://library.link/vocab/relatedWorkOrContributorName
  • Palomba, Geremia
  • Pereira, Joana
  • Richmond, Christine J.
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/16/147
http://library.link/vocab/subjectName
  • Debts, Public
  • Default (Finance)
  • Economic development
  • Economic development
  • Debts, Public
  • Default (Finance)
Label
Sovereign debt restructuring and growth, prepared by Lorenzo Forni, Geremia Palomba, Joana Pereira, Christine Richmond
Instantiates
Publication
Copyright
Note
  • "July 2016."
  • At head of title: International Monetary Fund, Fiscal Affairs Department
Bibliography note
Includes bibliographical references (pages 22-24)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover; Contents; Abstract; I. Introduction; II. Sovereign Debt Restructurings and Growth; III. Data, Definitions and Stylized Facts; IV. The Aftermath of Sovereign Debt Restructuring: Econometric Analysis; A. Methodology; B. Results; C. Robustness Checks; V. Debt Reduction, Debt Level and Growth Performance; VI. Conclusion; References; Tables; 1. Summary Statistics, 1970-2010; Figures; 1. Average Per Capita Real GDP around Sovereign Debt Restructuring Episodes; 2. Conditional Expectation Relative to ""Tranquil Times"" of Per Capita Real GDP; Appendices; I. Definitions and Data Sources
Control code
954994668
Extent
1 online resource (42 pages)
Form of item
online
Isbn
9781475526585
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
http://library.link/vocab/ext/overdrive/overdriveId
960608
Specific material designation
remote
System control number
(OCoLC)954994668
Label
Sovereign debt restructuring and growth, prepared by Lorenzo Forni, Geremia Palomba, Joana Pereira, Christine Richmond
Publication
Copyright
Note
  • "July 2016."
  • At head of title: International Monetary Fund, Fiscal Affairs Department
Bibliography note
Includes bibliographical references (pages 22-24)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover; Contents; Abstract; I. Introduction; II. Sovereign Debt Restructurings and Growth; III. Data, Definitions and Stylized Facts; IV. The Aftermath of Sovereign Debt Restructuring: Econometric Analysis; A. Methodology; B. Results; C. Robustness Checks; V. Debt Reduction, Debt Level and Growth Performance; VI. Conclusion; References; Tables; 1. Summary Statistics, 1970-2010; Figures; 1. Average Per Capita Real GDP around Sovereign Debt Restructuring Episodes; 2. Conditional Expectation Relative to ""Tranquil Times"" of Per Capita Real GDP; Appendices; I. Definitions and Data Sources
Control code
954994668
Extent
1 online resource (42 pages)
Form of item
online
Isbn
9781475526585
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
http://library.link/vocab/ext/overdrive/overdriveId
960608
Specific material designation
remote
System control number
(OCoLC)954994668

Library Locations

    • Pardee Legal Research CenterBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771471 -117.187496
Processing Feedback ...