Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out

WP/13/270

Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out
In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then thefinancial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010,they were facing severe debt problems. Spreads increased and, surprisingly, so did the share of the debt held by domestic... READ MORE...

Publication date: December 2013
ISBN 9781484335963
$18.00

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Publication date: December 2013

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Publication date: December 2013

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