EconStor >
Verein für Socialpolitik >
Ausschuss für Entwicklungsländer, Verein für Socialpolitik >
Proceedings of the German Development Economics Conference, 2008 (Zürich) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/39887
  
Title:Boon or Burden? The Effect of Private Sector Debt on the Risk of Sovereign Default in Developing Countries PDF Logo
Authors:Celasun, Oya
Harms, Philipp
Issue Date:2008
Series/Report no.:Proceedings of the German Development Economics Conference, Zürich 2008 16
Abstract: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.
Subjects:International Investment
Sovereign Risk
JEL:F34
O16
Document Type:Conference Paper
Appears in Collections:Proceedings of the German Development Economics Conference, 2008 (Zürich)

Files in This Item:
File Description SizeFormat
AEL_2008_16_harms.pdf378.62 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/39887

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.