The Costs of Sovereign Default

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 are generally significant but short-lived, and... READ MORE...

Publication date: October 2008
ISBN 9781451870961
$18.00

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