[PDF] Top 20 Debt and default in a growth model

... Countries with less capital (with higher marginal productivity of capital) have a higher debt-GDP ratio, are more likely to default on uncontingent bonds, require high[r] ... See full document

... Cantor and Packer (1996) concluded that the ratings can be largely explained by a small set of variables namely: per capita income, GDP growth, inflation, external debt, level of economic ... See full document

... public debt of countries has increased in most advanced economies and this trend was accompanied by a dynamic GDP ...growth. In many countries, including Portugal, public debt ... See full document

... option-based model is a useful tool to evaluate the position of investors with mortgage credit, there are other factors that can influence the default ...investor. In a situation of financial ... See full document

... precipitation and mean air temperature in growing seasons 1997/1998; 2002/2003 and the decade 1987- 1997 in ...radiation and air temperature values remained lower than the decade ... See full document

... abroad in a foreign currency can be, not only because of the foreign-currency denominated obligations, but also because this feature comes with two others, which are the maturity structure of the debts and ... See full document

... Black and Scholes (1973), desenvolveu o seu modelo fundamentando-o num processo de avaliação estrutural baseado na evolução do valor da empresa determinando a causa do incumprimento do serviço da dívida e o ... See full document

... seen in the previous section, government debt has a negative effect on growth, both during the short and long ...between debt ratio and economic ...detailed in our ... See full document

... Capital and Human Capital grew partly by an endogenous component (dependent on the output level) and by an exogenous component (as in the Solow-Swan ...this model is that the long-run ... See full document

... GPD growth per capita is non-stationary, and a Wooldridge test firmly suggests ...period in the case of an- nual and non-overlapping dependent variables; five periods when the overlapping ... See full document

... topic. In line with research by Afonso, Gruner, Kolerus (2010) on fiscal developments and financial crisis, we take the Laeven and Valencia’s (2010) database on banking, debt and ... See full document

... Public debt and its sustainability; debt overhang; debt relief; fiscal policy; public deficit; economic growth; Inflation; African Countries; determinants of economic growth; investmen[r] ... See full document

... need growth and yield models that can be used to predict future forest dynamics during the transition period of present-day forests under a changing climatic ...regime. In this study, we developed a ... See full document

... Headwinds in this front damage a country’s economic performance, which could be cause for concern among investors, thus impacting the banking ...least in developing countries, are influenced by the ... See full document

... cases and 160 controls would give us 90% power to detect a difference of 20% or more in the most important risk factors for ...cases and controls, we used Pearson’s x 2 or Fisher’s exact tests for ... See full document

... of default-free interest rates for the euro zone using the Svensson (1994) model, as mentioned ...issued in euros by governments of euro area and subject to the several con- ...bonds ... See full document

... interest in the model. The columns depict the specifications with and without the correction for cross-sectional ...lower in magnitude for the effect of fiscal policy on growth, showing ... See full document

... Credit Default Swaps ...Morgan in 1994, and it is designed to transfer the credit exposure of fixed income products, such as loans and bonds, between two different ...1) in which the ... See full document

... Keynesian-style model of debt-driven slumps, in which some agents have an overhang of ...debt. In addition, there is a forced deleveraging, which depresses aggregate ...Fisherian ... See full document

... rate and the wage ...historical growth processes are extremely complex and vary from country to country, but, as we simplify economic relations, we can do the same with eco- nomic history, and ... See full document