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  1. The payment schedule of sovereign debt
    Published: September 3, 2017
    Publisher:  Department of Economics, Stony Brook University, Stony Brook, NY

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Departmental working papers / Stony Brook University, College of Arts & Sciences, Department of Economics ; 17-09
    Subjects: Sovereign debt; Debt management; Maturity; Payment schedule; Emerging market
    Scope: 1 Online-Ressource (circa 11 Seiten)
  2. Reputation and sovereign default
    Published: May 30, 2018
    Publisher:  Federal Reserve Bank of Minneapolis, Minneapolis, MN

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    VS 410 (564)
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    Source: Union catalogues
    Language: English
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    Series: Staff report / Research Division, Federal Reserve Bank of Minneapolis ; 564 (May 2018)
    Subjects: Sovereign debt; Sovereign default; Reputation; Learning; Debt intolerance; Serial defaulters
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  3. Self-fulfilling debt dilution
    maturity and multiplicity in debt models
    Published: May 30, 2018
    Publisher:  Federal Reserve Bank of Minneapolis, Minneapolis, MN

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    VS 410 (565)
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    Series: Staff report / Research Division, Federal Reserve Bank of Minneapolis ; 565 (May 2018)
    Subjects: Sovereign debt; Self-fulfilling debt crises; Debt dilution; Multiple equilibria
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  4. How to restructure sovereign debt
    lessons from four decades
    Published: May 2019
    Publisher:  PIIE, Peterson Institute for International Economics, Washington, DC

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    VS 594
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / PIIE, Peterson Institute for International Economics ; 19, 8
    Subjects: Sovereign debt; financial crises; debt restructuring; debt defaults; Paris Club
    Scope: 1 Online-Ressource (circa 26 Seiten)
  5. Exchange rate risk and sovereign debt risk in South Africa
    a regime dependent approach
    Published: February 2023
    Publisher:  Economic and Well-being Research Group, [Auckland Park]

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    VS 756
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: EDWRG working paper series ; 2023, number 04
    Subjects: Sovereign debt; Exchange rate; Markov Regime Switching Model; credit default swaps
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  6. How to repay the after-COVID-19 public debt?
    the case of Colombia
    Published: May 2022
    Publisher:  IDB, Inter-American Development Bank, [Washington, DC]

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    Source: Union catalogues
    Language: English
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    Series: Discussion paper / IDB, Inter-American Development Bank ; no IDB-DP-920
    Subjects: Debt sustainability; Sovereign debt; Open-economy taxation; COVID-19; Emerging markets
    Scope: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  7. Who lends to Africa and how?
    introducing the Africa debt database
    Published: [2023]
    Publisher:  Kiel Institute for the World Economy, [Kiel]

    Africa’s sovereign debt markets are not well understood, partly due to a lack of data. This paper introduces the Africa Debt Database (ADD), the most granular and comprehensive dataset on external borrowing by African governments thus far. Our... more

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    Africa’s sovereign debt markets are not well understood, partly due to a lack of data. This paper introduces the Africa Debt Database (ADD), the most granular and comprehensive dataset on external borrowing by African governments thus far. Our project moves beyond existing aggregate datasets and instead releases information on individual loans and bonds, in particular on the financial terms of each instrument. Taken together, we cover over 7000 loans and bonds between 2000 and 2020, with a total volume of 790 billion USD. Using this data, we study Africa’s record lending boom of the 2010s in detail. The debt boom was mainly driven by large sovereign bond issuances in London and New York, as well as growing lending by Chinese state-owned banks. The micro data also reveal a large variation in lending terms across countries, time, and creditors. Sovereign external bonds have interest rates of 6 percent, on average, Chinese banks charge 3 percent, and multilateral organizations just 1 percent. Strikingly, many governments in Africa simultaneously borrow large amounts from both private and official creditors, at vastly different rates. The large differences in debt servicing costs are indicative of a cross-creditor subsidy, as cheap concessional loans can be used to pay the high interest to private or Chinese creditors.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270887
    Edition: This version: April 2023
    Series: Kiel working paper ; no. 2217 (April 2023)
    Subjects: Sovereign debt; Debt sustainability; debt composition; bond issuances; Chinese lending
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  8. Who holds sovereign debt and why it matters
    Published: 29 May 2022
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17338
    Subjects: Internationale Staatsschulden; Informeller Finanzsektor; Private Banking; Internationale Organisation; Schwellenländer; Industrieländer; Welt; Sovereign debt; Investor demand; Banks and Non-banks; Advanced Economies and Emerging Markets
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  9. The political economy of domestic and external sovereign debt
    Published: 09 October 2023
    Publisher:  Centre for Economic Policy Research, London

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    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18510
    Subjects: Sovereign debt; Sovereign default; Inequality; Fiscal policy; Political economy; Heterogeneous agents
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  10. Uncertainty premia, sovereign default risk, and state-contingent debt
    Published: March 2021
    Publisher:  International Monetary Fund, [Washington, DC]

    We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instruments in a standard sovereign default model a la Eaton and Gersovitz (1981). We show that for the... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instruments in a standard sovereign default model a la Eaton and Gersovitz (1981). We show that for the commonly used threshold state-contingent bond structure (e.g., the GDP-linked bond issued by Argentina in 2005), the model with robustness generates ambiguity premia in bond spreads that can explain most of what the literature has labeled as novelty premium. While the government would be better off with this bond when facing rational expectations lenders, this additional source of premia leads to welfare losses when facing robust lenders. Finally, we characterize the optimal design of the state-contingent bond and show how it varies with the level of robustness. Our findings rationalize the little use of these instruments in practice and shed light on their optimal design

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513572635
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    Series: IMF working paper ; WP/21, 76
    Subjects: Sovereign debt; default; state-contingent debt instruments; robust control; ambiguity premia; Ambiguity Premia; Default; Robust Control; Sovereign Debt; State-Contingent Debt Instruments
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  11. Bailouts, moral hazard and banks' home bias for sovereign debt
    Published: May 2016
    Publisher:  Banque de France, Paris

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    Language: English
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    Series: Document de travail / Banque de France ; no 594
    Subjects: Bailout; Sovereign debt; Home bias; Time inconsistency; Commitment; Macroprudential regulation
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  12. Bank lending and the European sovereign debt crisis
    Published: May 2017
    Publisher:  OeNB, Oesterreichische Nationalbank, Vienna, Austria

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/264805
    Series: Working paper / OeNB, Oesterreichische Nationalbank ; 213
    Subjects: Sovereign debt; real effects; credit supply; bank funding; regulatory capital
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  13. Asymmetric information and sovereign debt disclosure
    Published: March 2, 2022
    Publisher:  CAEPR, Center for Applied Economics and Policy Research, [Bloomington, IN]

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    VS 522
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAEPR working paper ; #2022, 004
    Subjects: Hidden debt; Sovereign debt; Sovereign default; Collateralized debt; Asym-metric information; Debt disclosure
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  14. Climate change and fiscal sustainability
    risks and opportunities
    Published: [2021]
    Publisher:  University of Cambridge, Faculty of Economics, Cambridge

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Cambridge working paper in economics ; 2163
    Janeway Institute working paper series ; 2021, 07
    Subjects: Sovereign debt; climate change; net zero; transition risk; productivity
    Scope: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  15. Do countries default in bad times?
    the role of alternative detrending techniques
    Author: Panizza, Ugo
    Published: 13 April 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17216
    Subjects: Sovereign debt; Default Business Cycles
    Scope: 1 Online-Ressource (circa 15 Seiten), Illustrationen
  16. Improving sovereign debt restructurings
    Published: 15 April 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17223
    Subjects: Crises; GDP-indexed Debt; Distribution of Creditor Losses; default; Sovereign debt; Maturity; Restructuring; Country risk; International Monetary Fund
    Scope: 1 Online-Ressource (circa Seiten)
  17. Sovereign debt sustainability and central bank credibility
    Published: 18 December 2021
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16817
    Subjects: Sovereign debt; debt sustainability; Fiscal policy; Debt crises; Fiscal-monetaryinteractions; central bank credibility
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  18. Fear of hiking?
    monetary policy and sovereign risk
    Published: 01 April 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16837
    Subjects: monetary policy; Sovereign debt; sovereign default; Spreads; Currency Union; monetary fiscal interaction
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  19. The puzzle of sovereign debt collateral
    big data and the first age of financial globalization
    Published: 06 May 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17286
    Subjects: Collateral; Information; Sovereign debt; Property rights; financial innovation; LegalEngineering; state capacity
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  20. Who lends to Africa and how?
    introducing the Africa debt database
    Published: [2022]
    Publisher:  Kiel Institute for the World Economy, [Kiel]

    Africa's sovereign debt markets are not well understood, partly due to a lack of data. This paper introduces the Africa Debt Database (ADD), the most granular and comprehensive dataset on external borrowing by African governments thus far. Our... more

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    DS 3
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    Africa's sovereign debt markets are not well understood, partly due to a lack of data. This paper introduces the Africa Debt Database (ADD), the most granular and comprehensive dataset on external borrowing by African governments thus far. Our project moves beyond existing aggregate datasets and instead releases information on individual loans and bonds, in particular on the financial terms of each instrument. Taken together, we cover over 7000 loans and bonds between 2000 and 2020, with a total volume of 790 billion USD. Using this data, we study Africa's record lending boom of the 2010s in detail. The debt boom was mainly driven by large sovereign bond issuances in London and New York, as well as growing lending by Chinese state-owned banks. The micro data also reveal a large variation in lending terms across countries, time, and creditors. Sovereign external bonds have interest rates of 6 percent, on average, Chinese banks charge 2-4 percent, and multilateral organizations just 1 percent. Strikingly, many governments in Africa simultaneously borrow large amounts from both private and official creditors, at vastly different rates. The large differences in debt servicing costs are indicative of a cross-creditor subsidy, as cheap concessional loans can be used to pay the high interest to private or Chinese creditors.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/266676
    Edition: This version: December 2022
    Series: Kiel working paper ; no. 2217 (December 2022)
    Subjects: Sovereign debt; Debt sustainability; debt composition; bond issuances; Chinese lending
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  21. Interest rate shocks and the composition of sovereign debt
    Published: November 2022
    Publisher:  [Toulouse School of Economics], [Toulouse]

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    VS 330
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    Source: Union catalogues
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    Media type: Book
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    Series: Working papers / Toulouse School of Economics ; no 1379
    Subjects: Sovereign debt; Interest rates; International spillovers; Financial development
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  22. The economics of sovereign debt, bailouts and the Eurozone crisis
    Published: [2022]
    Publisher:  Board of Governors of the Federal Reserve System, [Washington, DC]

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    VS 201
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: International finance discussion papers ; number 1351 (August 2022)
    Subjects: Euro area; Monetary union; Sovereign debt; Sovereign default; Debt monetization
    Scope: 1 Online-Ressource (circa 83 Seiten), Illustrationen
  23. COVID-induced sovereign risk in the Euro Area
    when did the ECB stop the contagion?
    Published: 05.10.20
    Publisher:  CEPII, Paris

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    VS 606
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    Source: Union catalogues
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    Media type: Book
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    Series: Working paper / CEPII ; no 2020, 11 (October)
    Subjects: COVID-19; European Central Bank; Sovereign debt; Monetary policy; Local projections
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  24. Geopoloticos and diplomacy: México's 1942 foreign debt settlement
    Published: abril 2021
    Publisher:  Centro de Investigación y Docencia Económicas A.C., Álvaro Obregón, Ciudad de México, México

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    Source: Union catalogues
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    Media type: Book
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    Other identifier:
    hdl: 11651/4399
    Series: [Documentos de trabajo] / Centro de Investigación y Docencia Económicas, División de Economía ; número 627
    Subjects: Sovereign debt; debt diplomacy; Mexico; Eduardo Suarez
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  25. Climate change and fiscal sustainability
    risks and opportunities
    Published: September 3, 2021
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, Canberra

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper ; 2021, 80 (September 2021)
    Subjects: Sovereign debt; climate change; net zero; transition risk; productivity
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen