scholarly journals The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs

2019 ◽  
Author(s):  
Hippolyte Balima ◽  
Amadou Nicolas Racine Sy
2019 ◽  
Vol 19 (2) ◽  
pp. 1 ◽  
Author(s):  
Hippolyte Balima ◽  
Amadou Sy

Author(s):  
Kim Oosterlinck

Sovereign debt crises are not a new phenomenon. Thus, history offers useful insights into the complex nature of sovereign debts and ways of addressing debt crises. This chapter explores sovereign debt problems and the responses to such problems in historical perspective. The chapter discusses historical episodes of sovereign debt defaults, how such defaults were settled and the impact of sovereign debt defaults on international relations. It also deals with the issues of odious debts, colonial ‘sovereign’ debts, reckless lending and borrowing and fairness to repay.


2013 ◽  
Vol 12 (2) ◽  
pp. 3255-3260
Author(s):  
Stelian Stancu ◽  
Alexandra Maria Constantin

Instilment, on a European level, of a state incompatible with the state of stability on a macroeconomic level and in the financial-banking system lead to continuous growth of vulnerability of European economies, situated at the verge of an outburst of sovereign debt crises. In this context, the current papers main objective is to produce a study regarding the vulnerability of European economies faced with potential outburst of sovereign debt crisis, which implies quantitative analysis of the impact of sovereign debt on the sensitivity of the European Unions economies. The paper also entails the following specific objectives: completing an introduction in the current European economic context, conceptualization of the notion of “sovereign debt crisis, presenting the methodology and obtained empirical results, as well as exposition of the conclusions.


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