.... F34 G15 H63 An important lesson from the crises afflicting emerging market economies (EMEs) in the 1990s was that borrowing short-term in foreign currency exposes countries to the risk of rising debt burdens and sudden reversals of capital flows, with consequences for the financial system...

...-specific approach to restructuring pockets of localised debt crisis in LICs could prove a more effective approach to address the debt crisis today. debt vulnerabilities creditor coordination debt relief debt sustainability analysis HIPC debt overhang JEL codes : O19, H63, F34 The silver jubilee...

... conclusions. optimal outcomes sovereign debt African debt sustainable finance responsible sovereign creditors JEL classification: F34, F63, K33, K38 The current arrangements through which African sovereigns raise and manage the external finance for sustainable and inclusive development...

...-sharing. international risk-sharing heterogeneous firms non-tradable goods financial integration E32 F31 F34 Ministry of Science and Technology 10.13039/100007225 Department of Economics, Finance and Accounting University of Liverpool 10.13039/501100000836 MOST 105-2918-I-259-003...

... be priced in bond yield spreads. Selective default risk accounted for one-third of the yield spread of German external bonds over the risk-free rate during the 1930s. Selective default expectations arose from differences in the creditor countries’ economic power over the debtor. F34 G12 G15 H63 N24...

.... As a result, further actions such as timely targeted fiscal policies are required to step up recovery. However, to protect the financial sector, the PEPP should be extended until the Covid-19 crisis phase is over. E32 E44 E58 F34 This article further develops Auray et al.’s (2018) model, first...

... correlations in line with the model’s comparative statics about inflation. The model’s welfare analysis suggests that nominal debt’s convenience premium can explain the relatively low public debt indexation in most advanced economies. F34 H63 Between 1995 and 2018, advanced economies issued, on average, 10...

... to the case of flex-wage full-employment labour markets. E62 F34 H54 H63 I25 I31 O43 African Development Bank KOAFEC Trust Fund International Monetary Fund 10.13039/100004414 FCDO-IMF Macroeconomic Research in Low-Income Countries Programme 0925 ‘I briefly highlight four...

... of determining optimized parameter sets for identifying noise correlations in gravitational-wave data. F30 F34 H40 Data analysis techniques in modern science are becoming increasingly important in achieving significant discoveries and breakthroughs in the data of scientific observations and experiments...

...-ray bursts analyzed based on the non-detection of an associated gravitational-wave signal for several signal models, including binary coalescences. These analyses demonstrate the feasibility and utility of KAGRA as a member of the global gravitational-wave detector network. F31 F32 F33 F34 National...

... (1989 , p. 47) [I]t seems fair to call the entire Sub-Saharan region debt distressed. JEL classification: H63, F34, O19, H50 Abstract Public debt levels in sub-Saharan Africa rose sharply in the wake of the global financial crisis, and a number of countries are now classified by the World Bank...

... unions E44 E52 F33 F34 F36 F41 F45 What are the benefits and costs from adopting a common currency? This question has been at the centre of a long-standing debate in international macroeconomics. In a seminal paper, Friedman (1953) claimed that flexible exchange rates act as shock absorbers, so...

... that monetary policy and sovereign risk were highly linked during the crisis period and thus, the interest-rate monetary policy transmission mechanism was effective in reducing these yield spreads. E52 F34 G01 G15 The 2008 financial turmoil and the subsequent Euro debt crisis brought to the forefront...

..., such as in the U.S. in the 1950s and 1960s and Japan today, and larger than one when the foreign share is high, such as in the U.S. and several European countries today. Sovereign debt Fiscal multiplier Foreign holdings of public debt E62 F32 F34 F36 F41 F62 F65 G15 H63 Since the onset of the global...

... rate parity F31 F34 F36 F46 Capital flows play a critical role for economic growth. The textbook neoclassical growth model predicts that capital inflows into developing economies lead to higher capital accumulation and income per capita. Yet the international economic literature has associated...

... fiscal risk. E58 F34 I15 O52 Dockson Chair at University of Southern California The COVID-19 shock hit the Eurozone (EZ) in March 2020, mushrooming into a major pandemic that tested the medical, social, and economic capabilities of EZ countries. Within 2 months, the enormity of the health...

... capital mobility, capital intensity, demographics, the discount rate, and taxes on profits influence investment and structural transformation. F34 F43 O40 Should developing country governments and aid donors make agriculture their first priority, or manufacturing and services? There are many possible...

...-crisis regulatory failures in a home than host regulator capacity and (ii) internalized far greater domestic fiscal risks than in previous crises. Offshore financial centers banking regulation global financial crisis Eurozone crisis lender of last resort Basel framework F34 G28 H81...