This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion
Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at
Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead
This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Co
In this issue, a team of economists look at approaches to modeling the use of IMF resources in order to gauge whether the recent decline in credit outstanding i