Unpleasant surprises : sovereign default determinants and prospects (English)

This paper uses model averaging techniques to identify robust predictors of sovereign default episodes on a pooled database for 46 emerging economies over the period 1980-2004. Sovereign default episodes are defined according to Standard & Poor’s or by non-concessional International Monetary Fund loans in excess of 100 percent of the country’s quota. The authors find that, in addition to the level of indebtedness, the quality of policies and institutions...

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Author

Bandiera,Luca;

Cuaresma,Jesus Crespo;

Andronova Vincelette,Gallina;
Document Date
2010/08/01
Document Type
Policy Research Working Paper
Report Number
WPS5401
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/08/16
Disclosure Status
Disclosed
Doc Name
Unpleasant surprises : sovereign default determinants and prospects
Keywords
sovereign default

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Bandiera,Luca; Cuaresma,Jesus Crespo; Andronova Vincelette,Gallina.

Unpleasant surprises : sovereign default determinants and prospects (English). Policy Research working paper|no. WPS 5401 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/329531468162559811

Unpleasant surprises : sovereign default determinants and prospects (English)

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