1.

Record Nr.

UNINA9910819874303321

Autore

Flood Robert P

Titolo

Getting shut out of the international capital markets : it doesn't take much / / prepared by Robert Flood and Nancy Marion

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, Research Dept., c2006

ISBN

1-4623-9924-X

1-4527-8646-1

1-282-55794-7

1-4527-0156-3

9786613822215

Edizione

[1st ed.]

Descrizione fisica

1 online resource (14 p.)

Collana

IMF working paper ; ; WP/06/144

Altri autori (Persone)

MarionNancy Peregrim

Soggetti

Capital market

International finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"June 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. ADDITIONAL COMPARATIVE STATICS""; ""IV. THE VALUE OF FINANCING""; ""V. CONCLUSION""; ""References""

Sommario/riassunto

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.