15. Understanding Sovereign Default

  1. Robert W. Kolb
  1. Juan Carlos Hatchondo1,
  2. Leonardo Martinez2 and
  3. Horacio Sapriza3

Published Online: 29 NOV 2011

DOI: 10.1002/9781118267073.ch15

Sovereign Debt: From Safety to Default

Sovereign Debt: From Safety to Default

How to Cite

Kolb, R. W. (2011) Understanding Sovereign Default, in Sovereign Debt: From Safety to Default, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118267073.ch15

Author Information

  1. 1

    Economist, The Federal Reserve Bank

  2. 2

    Economist, The IMF Institute

  3. 3

    Research Economist, Division of International Finance

Publication History

  1. Published Online: 29 NOV 2011
  2. Published Print: 21 FEB 2011

ISBN Information

Print ISBN: 9780470922392

Online ISBN: 9781118267073

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Keywords:

  • sovereign default;
  • debt contract;
  • credit rating agencies;
  • sovereign borrowing;
  • cross-border payments

Summary

This chapter contains sections titled:

  • Sovereign Defaults

  • Costs of Sovereign Defaults

  • Determinants of Sovereign Defaults

  • Borrowing Costs

  • Business Cycles in Emerging Economies and Sovereign Default

  • Conclusion

  • Notes

  • About the Authors