Publication:
Sovereign Debt and the Financial Crisis : Will This Time Be Different?

dc.contributor.authorPrimo Braga, Carlos A.
dc.contributor.authorVincelette, Gallina A.
dc.date.accessioned2012-03-19T09:35:54Z
dc.date.available2012-03-19T09:35:54Z
dc.date.issued2011
dc.description.abstractThe financial crisis of 2008 has rekindled interest in sovereign debt crises among policy makers and scholars. History shows that lending booms typically end in busts, with the beneficiaries of debt in the upswing often forced to default or reschedule their debts in the downswing (Sturzenegger and Zettelmeyer 2006). The impact of the first financial crisis of the 21st century on capital flows to developing countries and the signs of stress in debt markets of several European countries in the first half of 2010 raise the inevitable question, Are author about to witness a new generation of sovereign debt crises? This book addresses this question. It adopts an integrated approach by drawing on both theoretical research and experience from professionals involved in technical assistance in this area. It documents recent improvements in macroeconomic policies and debt management practices, which to a large extent explain the resilience of developing and emerging economies, and identifies challenges ahead and areas that require special attention from policy makers.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101207001919
dc.identifier.doi10.1596/978-0-8213-8483-1
dc.identifier.isbn978-0-8213-8483-1
dc.identifier.urihttps://hdl.handle.net/10986/2534
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEBT
dc.titleSovereign Debt and the Financial Crisis : Will This Time Be Different?en
dspace.entity.typePublication
okr.date.disclosure2010-12-07
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101207001919
okr.guid217391468151502378
okr.guid893591468000891509
okr.identifier.doi10.1596/978-0-8213-8483-1
okr.identifier.externaldocumentum000333037_20101207001919
okr.identifier.internaldocumentum13203845
okr.identifier.report58283
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/12/07/000333037_20101207001919/Rendered/PDF/582830PUB0ID231n0Debt09780821384831.pdfen
okr.unitEcon. Policy & Debt Dept (PRMED)
okr.volume1 of 1
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