
The Cost of Aggressive Sovereign Debt Policies : How Much is theprivate Sector Affected? »
Journal Issue
Volume/Issue: 2009/29
Series: IMF Working Papers
Author(s): Christoph Trebesch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2009
DOI: http://dx.doi.org/10.5089/9781451871760.001
ISBN: 9781451871760
Keywords: Sovereign Default, Reputation Spillovers, debt policies, debt crisis, external borrowing,
This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as a proxy for excusa...