How Long to Read Serial Sovereign Defaults and Debt Restructurings

How Long Does it Take to Read Serial Sovereign Defaults and Debt Restructurings?

It takes the average reader and 25 minutes to read Serial Sovereign Defaults and Debt Restructurings by Mr.Tamon Asonuma

Assuming a reading speed of 250 words per minute. Learn more

Description

Emerging countries that have defaulted on their debt repayment obligations in the past are more likely to default again in the future than are non-defaulters even with the same external debt-to-GDP ratio. These countries actually have repeated defaults or restructurings in short periods. This paper explains these stylized facts within a dynamic stochastic general equilibrium framework by explicitly modeling renegotiations between a defaulting country and its creditors. The quantitative analysis of the model reveals that the equilibrium probability of default for a given debt-to-GDP level is weakly increasing with the number of past defaults. The model also accords with an additional fact: lower recovery rates (high NPV haircuts) are associated with increases in spreads at renegotiation.

How long is Serial Sovereign Defaults and Debt Restructurings?

Serial Sovereign Defaults and Debt Restructurings by Mr.Tamon Asonuma is 25 pages long, and a total of 6,375 words.

This makes it 8% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Serial Sovereign Defaults and Debt Restructurings Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 34 minutes to read Serial Sovereign Defaults and Debt Restructurings aloud.

What Reading Level is Serial Sovereign Defaults and Debt Restructurings?

Serial Sovereign Defaults and Debt Restructurings is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Serial Sovereign Defaults and Debt Restructurings?

Serial Sovereign Defaults and Debt Restructurings by Mr.Tamon Asonuma is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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