What's in a Default? Lending to LDCs in the Face of Default Risk
AbstractThis paper develops an expected profit maximizing framework for characterizing the default risk associated with international lending during the early and mid-1980's. We identify the risk of default as associated with arrears in payments rather than rescheduling of principal or interest.
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Bibliographic InfoPaper provided by Department of Economics, Simon Fraser University in its series Discussion Papers with number dp96-06.
Length: 21 pages
Date of creation: 1996
Date of revision:
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Postal: Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Web page: http://www.sfu.ca/economics.html
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Postal: Working Paper Coordinator, Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Other versions of this item:
- Easton, Stephen T. & Rockerbie, Duane W., 1999. "What's in a default? Lending to LDCs in the face of default risk," Journal of Development Economics, Elsevier, Elsevier, vol. 58(2), pages 319-332, April.
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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- Peter Benczur & Cosmin L. Ilut, 2014.
"Evidence for Relational Contracts in Sovereign Bank Lending,"
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- Cosmin Ilut & Peter Benczur, 2010. "Evidence for Relational Contracts in Sovereign Bank Lending," 2010 Meeting Papers, Society for Economic Dynamics 91, Society for Economic Dynamics.
- Nath, Hiranya K., 2009.
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Camera di Commercio di Genova, vol. 62(1), pages 69-94.
- Hiranya K. Nath, 2008. "Country Risk Analysis: A Survey of the Quantitative Methods," Working Papers, Sam Houston State University, Department of Economics and International Business 0804, Sam Houston State University, Department of Economics and International Business.
- Stephen Easton & Duane Rockerbie, 1999. "Does IMF conditionality benefit lenders?," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 135(2), pages 347-357, June.
- Peter Benczur & Cosmin Ilut, 2011. "Evidence for Dynamic Contracts in Sovereign Bank Lending," Working Papers, Duke University, Department of Economics 11-06, Duke University, Department of Economics.
- Vivian Z. Yue & Samir Jahjah, 2004. "Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries," IMF Working Papers, International Monetary Fund 04/210, International Monetary Fund.
- Martin Steinwand & Randall Stone, 2008. "The International Monetary Fund: A review of the recent evidence," The Review of International Organizations, Springer, Springer, vol. 3(2), pages 123-149, June.
- Samir Jahjah & Bin Wei & Vivian Zhanwei Yue, 2012. "Exchange rate policy and sovereign bond spreads in developing countries," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 1049, Board of Governors of the Federal Reserve System (U.S.).
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