The Social Costs of Sovereign Default

The Social Costs of Sovereign Default

This paper estimates the costs of sovereign defaults to a broader extent than has been done in the literature. Applying the synthetic control method to a sample of 131 defaults since 1900, it finds that, on average, growth in the first two years fa...

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Bibliographic Details
Main Authors: Farah-Yacoub, Juan P., Graf von Luckner, Clemens, Ramalho, Rita, Reinhart, Carmen
Format: Working Paper
Language:English
English
Published: World Bank, Washington, DC 2022
Subjects:
SOVEREIGN DEFAULT
SOVEREIGN DEBT
DEBT CRISIS
POVERTY
ECONOMIC GROWTH
SYNTHETIC CONTROL METHOD
HUMAN IMPACT OF DEFAULT
Online Access:http://documents.worldbank.org/curated/en/099247208312211235/IDU0bf68e15c0a49f042e208b0c07f4cf3bcdb9e
http://hdl.handle.net/10986/37945

Internet

http://documents.worldbank.org/curated/en/099247208312211235/IDU0bf68e15c0a49f042e208b0c07f4cf3bcdb9e
http://hdl.handle.net/10986/37945

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