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试论国际资本逆向流动对新兴市场国家债务违约的决定作用 被引量：1

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摘要 新兴市场发生大规模的资本逆向流动很可能是新兴市场的拖欠、违约风险大大提高的原因。文章从理论和实证两个角度分析主权国家债务违约(Sovereign Default)风险对新兴市场国家国际资本流动总体流向的决定作用。
作者 李占国 余方
机构地区 上海电机学院
出处 《生产力研究》 CSSCI 北大核心 2009年第2期47-49,共3页 Productivity Research
关键词 新兴市场 国际资本流动 主权国家债务违约风险 违约历史
分类号 F820.4 [经济管理—财政学]
  • 相关文献

参考文献12

  • 1Andrew K.Rose and Mark M. Spiegel, 2003, A Gravity Model of Sovereign Lending:Trade,Default and Credit,University of Calffornia,http://faculty. haas.berkeley.edu/arose.
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  • 5Carmen M.Reinhart,Sovereign Credit Ratings Before and After Financial Crises. University of Maryland and NBER, 2001.
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  • 8Chancellor,Edward.Devil Take the Hindmost:A History of Financial Speculation.New York : Plume, 2000.
  • 9David T.Beers, Sovereign defaults: Hiatus in 2000?Standard and Poor' s, 2000.
  • 10Enrique Mendoza and Katherine A.Smith, Margin calls, trading costs and asset prices in emerging markets:The financial mechanics of the Sudden stops phenomenon, Department of Economics, Duke University, 2001.

二级参考文献14

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共引文献1

同被引文献19

  • 1林河.债务危机与货币危机相关性研究[D].复旦大学,2001.
  • 2Alesina,A., Tabellini, G. A Positive Theory of Fiscal Deficits and Government Debt[J]. Review of Economic Studies, 1990, 57 (6): 403-414.
  • 3Cline, W. International Debt: Systemic Risk and Policy Response[M]. Institute for International Economics,Washington, DC, 1984.
  • 4Cruces, J.,Christoph, T. Sovereign Defaults: The Price of HaircutsfJ]. American Economic Journal: Macroeconomics ,American Economic Association, 2013,5 (3) : 85-117.
  • 5Cuadra, G.,Sapriza, H. Sovereign Default, Interest Rates and Political Uncertainty in Emerging Markets[J]. Journal of International Economics,2008, 76 (1) : 78-88.
  • 6Eaton, J” Gersovitz, M. Debt with Potential Repudiation: Theoretical and Empirical Analysis[J]. Review of Economic Studies, 1981, 48 (2): 289-309.
  • 7Eaton, J., Gersovitz, M.,Stiglitz, J. The Pure Theory of Country Risk[J]. European Economic Review, 1986 (30): 481-513.
  • 8Gelos, R., Gaston, R., Sandleris, G. Sovereign Borrowing by Developing Countries : What Determines Market AccessfR]. IMF Working Paper, 2004.
  • 9Kiuchi, T.日本的经验——主权债务影响未知领域[R].第12届KAS-SIFTWTO年度论坛,上海对外贸易学 院,2012.
  • 10Li, C. A. Debt Arrears in Latin America: Do Political Variables Matter? [J]. Journal of Development Studies, 1992, 28 (4): 668-688.

二级引证文献11

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2009年 第2期

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