Sovereign Debt Crisis and International Financial Architecture

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Sovereign Debt Crisis and International Financial Architecture by Christoph Yew, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Christoph Yew ISBN: 9783640225460
Publisher: GRIN Verlag Publication: December 3, 2008
Imprint: GRIN Verlag Language: English
Author: Christoph Yew
ISBN: 9783640225460
Publisher: GRIN Verlag
Publication: December 3, 2008
Imprint: GRIN Verlag
Language: English

Seminar paper from the year 2006 in the subject Business economics - Economic Policy, grade: 2.0, University of Osnabrück (Fachbereich Internationale Wirtschaftspolitik), course: Schuldenkrisen, 18 entries in the bibliography, language: English, abstract: If we have a look at the composition of total debt of different countries it is easy to see (Figure 1.2) that from 1992 to 2002 the advanced countries' total debts mainly consisted of domestic currency, whereas those of emerging market countries where mainly borrowed in foreign currency. If we focus our view on sovereign debt only, this difference vanishes. From 1980 to 2003 about 99.7 percent (Table 1) of sovereign debt in emerging market countries was borrowed in foreign currency. In advanced economies it was slightly less (92.5%). Nevertheless, in both cases the U.S. dollar was the dominating foreign currency. A reason for this might be that this currency is considered as very important in international trade. A comparison between these facts leads me to the conclusion that private persons in advanced countries trust their own currency, whereas private persons in emerging market economies seem to trust foreign currencies. Otherwise the currency composition between total debt and sovereign debt would not differ so much from each other. Another interesting fact concerns which other currencies states prefer to borrow in. They like advanced economies' currencies instead those of emerging market countries. Another important point concerning public debt structure is their composition structure concerning maturity. It can be seen (Figure 4.2) that during 1988 the average maturity of sovereign debt issued in both kinds of countries was little below 8 years. But during the following 14 years the average maturity rate in emerging market countries decreased to about 5 years while the maturity rate of advanced countries sovereign debt increased to almost 10 years. This tendency towards short-term debt can also be seen on Figure 4.1. It is interesting to note the fall in 1999 in both markets (Figure 4.2) which was nevertheless stronger in emerging countries.[...]

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2006 in the subject Business economics - Economic Policy, grade: 2.0, University of Osnabrück (Fachbereich Internationale Wirtschaftspolitik), course: Schuldenkrisen, 18 entries in the bibliography, language: English, abstract: If we have a look at the composition of total debt of different countries it is easy to see (Figure 1.2) that from 1992 to 2002 the advanced countries' total debts mainly consisted of domestic currency, whereas those of emerging market countries where mainly borrowed in foreign currency. If we focus our view on sovereign debt only, this difference vanishes. From 1980 to 2003 about 99.7 percent (Table 1) of sovereign debt in emerging market countries was borrowed in foreign currency. In advanced economies it was slightly less (92.5%). Nevertheless, in both cases the U.S. dollar was the dominating foreign currency. A reason for this might be that this currency is considered as very important in international trade. A comparison between these facts leads me to the conclusion that private persons in advanced countries trust their own currency, whereas private persons in emerging market economies seem to trust foreign currencies. Otherwise the currency composition between total debt and sovereign debt would not differ so much from each other. Another interesting fact concerns which other currencies states prefer to borrow in. They like advanced economies' currencies instead those of emerging market countries. Another important point concerning public debt structure is their composition structure concerning maturity. It can be seen (Figure 4.2) that during 1988 the average maturity of sovereign debt issued in both kinds of countries was little below 8 years. But during the following 14 years the average maturity rate in emerging market countries decreased to about 5 years while the maturity rate of advanced countries sovereign debt increased to almost 10 years. This tendency towards short-term debt can also be seen on Figure 4.1. It is interesting to note the fall in 1999 in both markets (Figure 4.2) which was nevertheless stronger in emerging countries.[...]

More books from GRIN Verlag

Cover of the book Schwerstbehinderung und deren Implikationen nach Wieczorek und Burkart by Christoph Yew
Cover of the book Hysterektomie. Gründe für eine Operation und ihre Folgen auf die Psyche by Christoph Yew
Cover of the book Zur Tatidentität in Art. 54 SDÜ by Christoph Yew
Cover of the book Verbessern bzw. Trainieren koordinativer Fähigkeiten by Christoph Yew
Cover of the book Premises for successful leadership by Christoph Yew
Cover of the book Rechtliche Grundlagen und Voraussetzungen der Aufsichtspflicht by Christoph Yew
Cover of the book Der Gießen-Test. Funktion und Möglichkeiten seiner Verwendung im Kontext der Sozialen Arbeit by Christoph Yew
Cover of the book Sainsbury's. Market systems, governmental regulations and coorporate responsibilities. by Christoph Yew
Cover of the book Bedingungsloses Grundeinkommen by Christoph Yew
Cover of the book Kreationismus und Intelligent Design - Definition, Theorien, Kritik by Christoph Yew
Cover of the book Hieroglyphen. Fossile, kulturelle Zeichen einer verlorenen Sprache by Christoph Yew
Cover of the book Beteiligungscontrolling auf Basis des externen Rechnungswesens by Christoph Yew
Cover of the book The Development of Early Modern English by Christoph Yew
Cover of the book Privat gleich besser? Warum die innere Vielfalt bei den Öffentlich-Rechtlichen Sendeanstalten höher ist als bei den Privaten. by Christoph Yew
Cover of the book Richtig intervenieren? Annäherung an ein Zuordnungssystem von Interventionsmaßnahmen und Unterrichtsstörungen by Christoph Yew
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy