Financial distress and access to capital in emerging markets
| dc.contributor.author | Guillén, Jorge | |
| dc.date.accessioned | 2021-09-30T16:57:59Z | |
| dc.date.available | 2021-09-30T16:57:59Z | |
| dc.date.issued | 2010-01-01 | |
| dc.description.abstract | In this paper I study the main determinants of successful reaccess to international capital markets on a set of emerging market countries after a financial crisis. I focus on three components of the reaccess strategy: commitment to pay, ability to pay, and global liquidity. I employ a panel of 49 countries over a nearly 30-year period and apply a simple probit approach to show that, indeed, a sound external position and a sustainable debt profile, accompanied by a favorable global liquidity environment, are the key considerations for creditors considering whether to resume lending. | en_EN |
| dc.format | application/pdf | |
| dc.identifier.citation | Guillen, J. (2010). Financial distress and access to capital in emerging markets. Prague Economic Papers, 19(1), 5-20. https://doi.org/10.18267/j.pep.361 | |
| dc.identifier.doi | https://doi.org/10.18267/j.pep.361 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12640/2437 | |
| dc.language.iso | eng | |
| dc.publisher | Prague University of Economics and Business | |
| dc.publisher.country | CZ | |
| dc.relation.ispartof | urn:issn:1210-0455 | |
| dc.relation.ispartof | urn:issn:2336-730X | |
| dc.relation.uri | https://pep.vse.cz/pdfs/pep/2010/01/01.pdf | |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | * |
| dc.rights | info:eu-repo/semantics/openAccess | es_ES |
| dc.subject | Sovereign debt | en_EN |
| dc.subject | Reaccess | en_EN |
| dc.subject | International finance | en_EN |
| dc.subject | Developing countries | en_EN |
| dc.subject | Deuda soberana | es_ES |
| dc.subject | Reacceso | es_ES |
| dc.subject | Finanzas internacionales | es_ES |
| dc.subject | Países en desarrollo | es_ES |
| dc.subject.ocde | https://purl.org/pe-repo/ocde/ford#5.02.04 | |
| dc.title | Financial distress and access to capital in emerging markets | en_EN |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.other | Artículo | |
| dc.type.version | info:eu-repo/semantics/publishedVersion | |
| local.author.orcid | https://orcid.org/0000-0002-4511-2108 | |
| oaire.citation.endPage | 20 | |
| oaire.citation.issue | 1 | |
| oaire.citation.startPage | 5 | |
| oaire.citation.title | Prague Economic Papers | |
| oaire.citation.volume | 19 |
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