Read Rules of Thumb for Sovereign Debt Crises

Rules of Thumb for Sovereign Debt Crises

Paolo Manasse

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Description:This paper contains an empirical investigation of the set of economic and political conditions that are associated with a likely occurrence of a sovereign debt crisis. We use a new statistical approach (Binary Recursive Tree) that allows us to derive a collection of "rules of thumb" that help identify the typical characteristics of defaulters. We find that not all crises are equal: they differ depending on whether the government faces insolvency, illiquidity, or various macroeconomic risks. We also characterize the set of fundamentals that can be associated with a relatively "risk free" zone. This classification is important for discussing appropriate policy options to prevent crises and improve response time and prediction.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Rules of Thumb for Sovereign Debt Crises. To get started finding Rules of Thumb for Sovereign Debt Crises, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 34

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2005

ISBN: 6613798606

Description: This paper contains an empirical investigation of the set of economic and political conditions that are associated with a likely occurrence of a sovereign debt crisis. We use a new statistical approach (Binary Recursive Tree) that allows us to derive a collection of "rules of thumb" that help identify the typical characteristics of defaulters. We find that not all crises are equal: they differ depending on whether the government faces insolvency, illiquidity, or various macroeconomic risks. We also characterize the set of fundamentals that can be associated with a relatively "risk free" zone. This classification is important for discussing appropriate policy options to prevent crises and improve response time and prediction.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Rules of Thumb for Sovereign Debt Crises. To get started finding Rules of Thumb for Sovereign Debt Crises, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Rules of Thumb for Sovereign Debt Crises

Rules of Thumb for Sovereign Debt Crises

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