October 08, 2008 at 11:42 AM EDT
Economic Effects of Sovereign Default Significant but Short
With Iceland skirting with a sovereign debt default, the International Monetary Fund has published a timely working paper that finds that the economic consequences of such a default may be significant but last no more than a couple of years. The paper, The Costs of Sovereign Default by Eduardo Borensztein and Ugo Panizza, does not [...]
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