The Impact of Oil Shocks on Sovereign Default Risk

The Impact of Oil Shocks on Sovereign Default Risk

The paper examines the impact of oil shocks on sovereign credit default swaps (CDS) for the G10 countries and major oil-exporting countries. The results show that oil demand shocks have a uniformly negative impact on CDS spreads. In contrast, oil s...

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Bibliographic Details
Main Authors: Alturki, Sultan Abdulaziz M, Hibbert, Ann Marie
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
OIL PRICES
OIL SHOCK
DEBT
SOVEREIGN DEBT
SOVEREIGN CREDIT DEFAULT SWAPS
OIL EXPORTERS
G10
OIL-EXPORTING COUNTRY
Online Access:http://documents.worldbank.org/curated/en/289701613502786051/The-Impact-of-Oil-Shocks-on-Sovereign-Default-Risk
http://hdl.handle.net/10986/35142

Internet

http://documents.worldbank.org/curated/en/289701613502786051/The-Impact-of-Oil-Shocks-on-Sovereign-Default-Risk
http://hdl.handle.net/10986/35142

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