How Long to Read Sovereign Debt Standstills

How Long Does it Take to Read Sovereign Debt Standstills?

It takes the average reader and 27 minutes to read Sovereign Debt Standstills by Juan Carlos Hatchondo

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

Description

As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard default model. We find that a one-year standstill generates welfare gains for the sovereign equivalent to a permanent consumption increase of between 0.1% and 0.3%, depending on the initial shock. However, except when it avoids a default, the standstill also implies capital losses for creditors of between 9% and 27%, which is consistent with their reluctance to participate in these operations and indicates that this reluctance would persist even without a free-riding or holdout problem. Standstills also generate a form of “debt overhang” and thus the opportunity for a “voluntary debt exchange”: complementing the standstill with haircuts could reduce creditors’ losses and simultaneously increase welfare gains. Our results cast doubts on the emphasis on standstills without haircuts.

How long is Sovereign Debt Standstills?

Sovereign Debt Standstills by Juan Carlos Hatchondo is 27 pages long, and a total of 6,939 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Sovereign Debt Standstills Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 37 minutes to read Sovereign Debt Standstills aloud.

What Reading Level is Sovereign Debt Standstills?

Sovereign Debt Standstills 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 Sovereign Debt Standstills?

Sovereign Debt Standstills by Juan Carlos Hatchondo is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Sovereign Debt Standstills by Juan Carlos Hatchondo on Amazon click the button below.