Boon or Burden? The Effect of Private Sector Debt on the Risk of Sovereign Default in Developing Countries

Konferenzbeitrag

We explore how the share of the private sector in total external debt affects perceived creditworthiness and the likelihood of sovereign default in developing countries. While there are theoretical arguments both in favor and against a stabilizing role of private-sector borrowing, the evidence clearly supports the notion that a greater share of the private sector in total external debt is associated with a reduced likelihood of sovereign default.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Proceedings of the German Development Economics Conference, Zürich 2008 ; No. 16

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Lending and Debt Problems ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Thema: International Investment ; Sovereign Risk

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Celasun, Oya ; Harms, Philipp
• Ereignis: Veröffentlichung
• (wer): Verein für Socialpolitik, Ausschuss für Entwicklungsländer
• (wo): Göttingen
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/39887
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ