Economics of Sovereign Defaults : A Reprint from the Federal Reserve Bank of Richmond Economic Quarterly

Discusses the economics of sovereign defaults, summarizing lessons from existing work on this issue. In particular, the article describes the costs associated with a sovereign default episode, identifies circumstances that are likely to lead to a default, & discusses how understanding sovereign defaults may help to account for distinctive economic features of emerging economies. Charts & tables.Hatchondo, Juan Carlos is the author of 'Economics of Sovereign Defaults : A Reprint from the Federal Reserve Bank of Richmond Economic Quarterly', published 2007 under ISBN 9781422317358 and ISBN 1422317358.