Getting Shut Out of the International Capital Markets - It Doesn’t Take Much
Electronic Access:
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Summary:
We use a simple model of international lending to show that an emerging market borrower who might default can be shut out of international capital markets without warning. A modest haircut on obligations, for example, can shut down lending.
Series:
Working Paper No. 2006/144
Subject:
Capital markets Emerging and frontier financial markets International capital markets Loans Return on investment
English
Publication Date:
June 1, 2006
ISBN/ISSN:
9781451864045/1018-5941
Stock No:
WPIEA2006144
Pages:
14
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