Sovereign default and the structure of private external debt

• Autorzy: Joanna Siwińska-Gorzelak , Michał Brzozowski
• Języki publikacji: EN

Abstrakty

EN

While the literature on determinants of sovereign default is voluminous, the links between private indebtedness and the probability of public bankruptcy have not been studied extensively. In this paper we aim to fill this gap and to shed more light on the influence of the size and structure of private debt on sovereign default probability. We focus on developing and emerging market economies over the years 1970-2012. The main conclusions are that both the size and the structure of private borrowings affect the probability of a sovereign default. (original abstract)

Słowa kluczowe

EN

Sovereignty; Indebtedness; Bankruptcy

PL

Suwerenność; Zadłużenie; Bankructwo

• Czasopismo: Ekonomia / Uniwersytet Warszawski
• Rocznik: 2018
• Tom: 5
• Numer: nr 52
• Strony: 1--9

Twórcy

autor

Joanna Siwińska-Gorzelak

• University of Warsaw

autor

Michał Brzozowski

• University of Warsaw

Bibliografia

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Identyfikatory

DOI

https://doi.org/10.1515/ceej-2018-0003