Sovereign Debt Defaults and Financing Needs

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 foreign currency. As the need for new foreign... READ MORE...

Publication date: March 2004
ISBN 9781451847413
$15.00

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