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Getting shut out of the international capital markets

Getting shut out of the international capital markets

Robert P. Flood

About this book

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.

Details

OL Work ID
OL3952036W

Subjects

Capital marketDefault (Finance)Econometric models

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Book data from Open Library. Cover images courtesy of Open Library.