Constant Dripping Wears Away the Stone… Including Sovereign Debt: On Incrementalism as a Regulatory Approach for the New Sovereigntist Age

They estimate equations explain- ing risk premia through government debt levels as well as government deficits and current account deficits (the “fundamentals”) for

The IMF has struggled for decades to develop a set of lending practices that enable sovereign borrowers to resolve serious debt problems and restore economic growth, but also

Baig and Goldfajn (1999) suggest discernible patterns of contagion during the East Asian crises and present evidence in favor of substantial contagion in the foreign

The accumulation of too much debt can also create political fissures, as citizens of the indebted country balk at the adjustment challenges required to continue servicing the

Among these, the Sovereign Debt Forum (SDF) would provide a centre for continuous improvement of the processes for dealing with financially distressed sovereigns and a venue

An SDF would provide a non-statutory, neutral standing body to identify lessons from past episodes of sovereign distress, maintain information on sovereign debt and

Prior to the 2010 debt exchange, Argentina owed approximately $29 billion of bond principal and interest arrears to private investors and $6.3 billion of loans to Paris Club

The paper indicates that the chosen closed monetary model in an AS-AD format can be used successfully as a consistent macroeconomic representation of an