Add to ORKGSovereign debt crises have regained attention since the recent crises in several European countries. This paper focuses on a particular aspect of the debt crisis literature: the impact of sovereign default on economic growth. Previous research agrees on the negative impact, but not on size and duration. We are particularly interested in the heterogeneity of crisis impacts: Why are some crises deeper and longer than others? And what is the role of business cycles? We analyze four Latin American countries (Argentina, Brazil, Chile and Mexico) for the period 1870-2012, covering 14 sovereign debt defaults. We find that most sovereign defaults start in recessions, and in unfavorable international circumstances. Economic growth is heavily affecte...
Episodes of sovereign default feature three key empirical regularities in connection with the bankin...
The subject of sovereign debt and default has received intense focus since the beginning of this cen...
We construct a continuous sovereign debt crisis index for four large Latin American countries for th...
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
This article analyzes sovereign debt defaults in four Latin American countries—Argentina, Brazil, Ch...
The theoretical literature on sovereign defaults has focused on adverse shocks to debtors’ economies...
The theoretical literature on sovereign defaults has focused on adverse shocks to debtors’ economies...
Default is as old as sovereign debt. Since 1820, countries that issued sovereign debt have spent 18%...
We construct a continuous sovereign debt crisis index for four large Latin American countries for th...
Sovereign debt defaults and renegotiations have been the bread and butter of Latin American countrie...
Episodes of sovereign default feature three key empirical regularities in connection with the bankin...
Episodes of sovereign default feature three key empirical regularities in connection with the bankin...
The subject of sovereign debt and default has received intense focus since the beginning of this cen...
We construct a continuous sovereign debt crisis index for four large Latin American countries for th...
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
Sovereign debt crises have regained attention since the recent crises in several European countries....
This article analyzes sovereign debt defaults in four Latin American countries—Argentina, Brazil, Ch...
The theoretical literature on sovereign defaults has focused on adverse shocks to debtors’ economies...
The theoretical literature on sovereign defaults has focused on adverse shocks to debtors’ economies...
Default is as old as sovereign debt. Since 1820, countries that issued sovereign debt have spent 18%...
We construct a continuous sovereign debt crisis index for four large Latin American countries for th...
Sovereign debt defaults and renegotiations have been the bread and butter of Latin American countrie...
Episodes of sovereign default feature three key empirical regularities in connection with the bankin...
Episodes of sovereign default feature three key empirical regularities in connection with the bankin...
The subject of sovereign debt and default has received intense focus since the beginning of this cen...
We construct a continuous sovereign debt crisis index for four large Latin American countries for th...