scholarly journals Interlinkages between external debt financing, credit cycles and output fluctuations in emerging market economies

2021 ◽  
Author(s):  
Akhilesh K. Verma ◽  
Rajeswari Sengupta
Keyword(s):  
Emerging Market ◽  
External Debt ◽  
Debt Financing ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Credit Cycles ◽  
Output Fluctuations

Sovereign default and the structure of private external debt

2019 ◽  
Vol 5 (52) ◽  
pp. 1-9 ◽  
Author(s):  
Joanna Siwińska-Gorzelak ◽  
Michał Brzozowski
Keyword(s):  
Emerging Market ◽  
External Debt ◽  
Sovereign Default ◽  
Default Probability ◽  
Emerging Market Economies ◽  
Private Debt ◽  
Market Economies ◽  
Size And Structure

Abstract While the literature on determinants of sovereign default is voluminous, the links between private indebtedness and the probability of public bankruptcy have not been studied extensively. In this paper we aim to fill this gap and to shed more light on the influence of the size and structure of private debt on sovereign default probability. We focus on developing and emerging market economies over the years 1970–2012. The main conclusions are that both the size and the structure of private borrowings affect the probability of a sovereign default.

Harinder S. Kohli (ed.). Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalisation. New Delhi: Sage Publication 2008. 369 pages. Hardbound. Indian Rs 695.00.

2008 ◽  
Vol 47 (3) ◽  
pp. 304-305
Author(s):  
Henna Ahsan
Keyword(s):  
Capital Flows ◽  
Growth And Development ◽  
Global Economy ◽  
Emerging Market ◽  
Balance Sheet ◽  
Emerging Market Economies ◽  
New Delhi ◽  
Infrastructure Development ◽  
Market Economies ◽  
Emerging Market Countries

The book discusses the different experiences in Asia and Latin America, while covering the closely related areas under the purview of Emerging Market Economies (EMEs). The first chapter, “Introduction and Overview” has written by Harinder S. Kohli gives an excellent review of the existing literature on the subject. The book discusses six related topics which include nine papers presented at the Emerging Markets Forum Meeting held in Jakarta, Indonesia, in September 2006. The book highlights the main factors of growth and development in Emerging Market Economies (EMEs) now closely related with international capital flows, development of financial market, the countries’ ability to integrate successfully with the global economy through trade and investment and their ability to forge public-private partnerships including infrastructure development. Chapter 2, of the book is an article titled “Global Imbalances, Oil Revenues and Capital Flows to Emerging Market Countries” by Jack Boorman explains the favourable global environment and its impact on capital flows to Emerging Market Countries (EMCs). The EMCs got advantage from this benign global economic environment, such as high economic growth rate, increase in exports, better national balance sheet and increase in foreign exchange reserves, but due to high oil prices the situation has been changed.

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