Don't Cry for Argentina (or Other Sovereign Borrowers): Lessons from a Previous Era of Sovereign Debt Contract Enforcement

2016 ◽  
Author(s):  
Benjamin Remy Chabot ◽  
Veronica Santarosa
Keyword(s):  
Sovereign Debt ◽  
Contract Enforcement ◽  
Debt Contract

Don’t cry for Argentina (or other Sovereign borrowers): lessons from a previous era of sovereign debt contract enforcement

2017 ◽  
Vol 12 (1) ◽  
pp. 9-37 ◽  
Author(s):  
Benjamin Chabot ◽  
Veronica Santarosa
Keyword(s):  
Sovereign Debt ◽  
Contract Enforcement ◽  
Debt Contract

Do Debt Contract Enforcement Costs Affect Financing and Asset Structure?

2016 ◽  
Vol 29 (10) ◽  
pp. 2774-2813 ◽  
Author(s):  
Radhakrishnan Gopalan ◽  
Abhiroop Mukherjee ◽  
Manpreet Singh
Keyword(s):  
Contract Enforcement ◽  
Debt Contract ◽  
Enforcement Costs

Debt Contract Enforcement and Conservatism: Evidence from a Natural Experiment

2018 ◽  
Vol 56 (5) ◽  
pp. 1383-1416 ◽  
Author(s):  
CYRUS AGHAMOLLA ◽  
NAN LI
Keyword(s):  
Natural Experiment ◽  
Contract Enforcement ◽  
Debt Contract

scholarly journals Willingness to Pay and the Sovereign Debt Contract

2007 ◽  
Vol 10 (1) ◽  
pp. 43-76 ◽  
Author(s):  
Katherina Fernández ◽  
Roque B. Fernández
Keyword(s):  
Willingness To Pay ◽  
Sovereign Debt ◽  
Debt Contract

Debt Contract Enforcement and Product Innovation: Evidence from a Legal Reform in India

2021 ◽  
Author(s):  
Tanya Jain ◽  
Rahul Singh ◽  
Chetan Subramanian
Keyword(s):  
Product Innovation ◽  
Legal Reform ◽  
Contract Enforcement ◽  
Debt Contract

Lending to the Borrower from Hell

2017 ◽  
Author(s):  
Mauricio Drelichman ◽  
Hans-Joachim Voth
Keyword(s):  
United States ◽  
Sixteenth Century ◽  
Sovereign Debt ◽  
Risk Sharing ◽  
The United States ◽  
Philip Ii ◽  
Loan Contracts ◽  
The Right ◽  
Intelligent Model ◽  
New Evidence

Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. This book looks at one famous case—the debts and defaults of Philip II of Spain. Ruling over one of the largest and most powerful empires in history, King Philip defaulted four times. Yet he never lost access to capital markets and could borrow again within a year or two of each default. Exploring the shrewd reasoning of the lenders who continued to offer money, the book analyzes the lessons from this historical example. Using detailed new evidence collected from sixteenth-century archives, the book examines the incentives and returns of lenders. It provides powerful evidence that in the right situations, lenders not only survive despite defaults—they thrive. It also demonstrates that debt markets cope well, despite massive fluctuations in expenditure and revenue, when lending functions like insurance. The book unearths unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times. A fascinating story of finance and empire, this book offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults.

European Economies Stability Faced With Potential Outburst of Sovereign Debt Crisis. An Empirical Study Using Neural Network

2013 ◽  
Vol 12 (2) ◽  
pp. 3255-3260
Author(s):  
Stelian Stancu ◽  
Alexandra Maria Constantin
Keyword(s):  
Neural Network ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Banking System ◽  
Sovereign Debt Crisis ◽  
European Level ◽  
Continuous Growth ◽  
Economic Context ◽  
European Economies ◽  
The Impact

Instilment, on a European level, of a state incompatible with the state of stability on a macroeconomic level and in the financial-banking system lead to continuous growth of vulnerability of European economies, situated at the verge of an outburst of sovereign debt crises. In this context, the current papers main objective is to produce a study regarding the vulnerability of European economies faced with potential outburst of sovereign debt crisis, which implies quantitative analysis of the impact of sovereign debt on the sensitivity of the European Unions economies. The paper also entails the following specific objectives: completing an introduction in the current European economic context, conceptualization of the notion of “sovereign debt crisis, presenting the methodology and obtained empirical results, as well as exposition of the conclusions.

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