Getting shut out of the international capital markets
Subtitle: it doesn't take much
By: prepared by Robert Flood and Nancy Marion.
Contributors: Marion, Nancy Peregrim.; International Monetary Fund. Research Dept.
Series: IMF working paper -- WP/06/144
Publisher: International Monetary Fund, Research Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 12
Subjects: Capital market -- Developing countries -- Econometric models.; Default (Finance) -- Developing countries -- Econometric models.
Description: 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.
Notes: "June 2006"--Cover.

Includes bibliographical references (p. 12).

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