Sovereign Debt Crises in Latin America
| Autor: | Tjeerd M. Boonman, Gerard H. Kuper, Jan Jacobs |
|---|---|
| Přispěvatelé: | Research programme EEF |
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: |
Latin Americans
Index (economics) debt crisis index Financial economics receiver operating characteristic (ROC) curve media_common.quotation_subject Debt-to-GDP ratio 1. No poverty DEFAULT Monetary economics Interest rate 8. Economic growth Economics Business cycle Internal debt Debt levels and flows sovereign debt crises General Economics Econometrics and Finance Weighted arithmetic mean Finance media_common |
| Zdroj: | Emerging Markets Finance and Trade, 51(supplement 6), S80-S93 |
| ISSN: | 1540-496X |
| DOI: | 10.1080/1540496x.2015.1080558 |
| Popis: | We construct a continuous sovereign debt crisis index for four large Latin American countries for the period 1870-2012. To obtain the optimal set of indicators and the optimal value of the threshold for dating crises we apply the receiver operating characteristic (ROC) curve. Our sovereign debt crisis index is a weighted average of three indicators: the debt-to-GDP ratio, the external interest rate spread, and the exports-to-imports ratio. The continuous index allows a more advanced analysis of sovereign debt crises as illustrated with an investigation of the relationship between sovereign debt crises and business cycles in Latin America. |
| Databáze: | OpenAIRE |
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