cam a22 2 b4500 53015417X CHVBK 20201027045021.0 m d cr |n |||||||| 130723e20050301dcu s|||| 0 |eng|d 978-1-4519-0597-7 1-4519-0597-1 (EBook) : USD 15.00 Retail Price (Publisher) (SERSOL)ssj0001486120 (WaSeSS)ssj0001486120 BIP US WaSeSS Roubini Nouriel Author Rules of Thumb for Sovereign Debt Crises [Elektronische Daten] Washington International Monetary Fund March 2005 1 online resource (304 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation 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. Manasse Paolo Author http://elibrary.imf.org/view/IMF001/00008-9781451860610/00008-9781451860610/00008-9781451860610.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Roubini Nouriel Author IDSBB 700 1- Manasse Paolo Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/00008-9781451860610/00008-9781451860610/00008-9781451860610.xml Volltext frei zugänglich