Financial distress and access to capital in emerging markets

Descripción del Articulo

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 co...

Descripción completa

Detalles Bibliográficos
Autor: Guillén, Jorge
Formato: artículo
Fecha de Publicación:2010
Institución:Universidad ESAN
Repositorio:ESAN-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.esan.edu.pe:20.500.12640/2437
Enlace del recurso:https://hdl.handle.net/20.500.12640/2437
https://doi.org/10.18267/j.pep.361
Nivel de acceso:acceso abierto
Materia:Sovereign debt
Reaccess
International finance
Developing countries
Deuda soberana
Reacceso
Finanzas internacionales
Países en desarrollo
https://purl.org/pe-repo/ocde/ford#5.02.04
id ESAN_59eb91b9621c739d4d8bd4554fa49439
oai_identifier_str oai:repositorio.esan.edu.pe:20.500.12640/2437
network_acronym_str ESAN
network_name_str ESAN-Institucional
repository_id_str 4835
spelling Guillén, Jorge2021-09-30T16:57:59Z2021-09-30T16:57:59Z2010-01-01Guillen, 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.361https://hdl.handle.net/20.500.12640/2437https://doi.org/10.18267/j.pep.361In 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.application/pdfInglésengPrague University of Economics and BusinessCZurn:issn:1210-0455urn:issn:2336-730Xhttps://pep.vse.cz/pdfs/pep/2010/01/01.pdfinfo:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttps://creativecommons.org/licenses/by-nc-nd/4.0/Sovereign debtReaccessInternational financeDeveloping countriesDeuda soberanaReaccesoFinanzas internacionalesPaíses en desarrollohttps://purl.org/pe-repo/ocde/ford#5.02.04Financial distress and access to capital in emerging marketsinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoreponame:ESAN-Institucionalinstname:Universidad ESANinstacron:ESANhttps://orcid.org/0000-0002-4511-2108Acceso abiertoPrague Economic Papers201519ORIGINALguillen_2010.pdfguillen_2010.pdfTexto completoapplication/pdf210803https://repositorio.esan.edu.pe/bitstreams/83840bd6-d12f-4c51-9124-6e7fbf4d3013/download9951888bdf3cd445b3cb764584a557d1MD51trueAnonymousREADTHUMBNAILguillen_2010.pdf.jpgguillen_2010.pdf.jpgGenerated Thumbnailimage/jpeg3633https://repositorio.esan.edu.pe/bitstreams/3048a6ed-110a-430e-92eb-1f6dfb108bb8/downloadca9ef790c14abf7b57e9102b7a6ed9cbMD55falseAnonymousREADTEXTguillen_2010.pdf.txtguillen_2010.pdf.txtExtracted texttext/plain47633https://repositorio.esan.edu.pe/bitstreams/ac669bac-679e-4200-aff5-de838059480b/download3442f2e1cb1334bbb841140b81e84a1cMD54falseAnonymousREAD20.500.12640/2437oai:repositorio.esan.edu.pe:20.500.12640/24372024-11-25 19:41:14.428https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.esan.edu.peRepositorio Institucional ESANrepositorio@esan.edu.pe
dc.title.en_EN.fl_str_mv Financial distress and access to capital in emerging markets
title Financial distress and access to capital in emerging markets
spellingShingle Financial distress and access to capital in emerging markets
Guillén, Jorge
Sovereign debt
Reaccess
International finance
Developing countries
Deuda soberana
Reacceso
Finanzas internacionales
Países en desarrollo
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short Financial distress and access to capital in emerging markets
title_full Financial distress and access to capital in emerging markets
title_fullStr Financial distress and access to capital in emerging markets
title_full_unstemmed Financial distress and access to capital in emerging markets
title_sort Financial distress and access to capital in emerging markets
author Guillén, Jorge
author_facet Guillén, Jorge
author_role author
dc.contributor.author.fl_str_mv Guillén, Jorge
dc.subject.en_EN.fl_str_mv Sovereign debt
Reaccess
International finance
Developing countries
topic Sovereign debt
Reaccess
International finance
Developing countries
Deuda soberana
Reacceso
Finanzas internacionales
Países en desarrollo
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.es_ES.fl_str_mv Deuda soberana
Reacceso
Finanzas internacionales
Países en desarrollo
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description 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.
publishDate 2010
dc.date.accessioned.none.fl_str_mv 2021-09-30T16:57:59Z
dc.date.available.none.fl_str_mv 2021-09-30T16:57:59Z
dc.date.issued.fl_str_mv 2010-01-01
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.version.none.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.other.none.fl_str_mv Artículo
format article
status_str publishedVersion
dc.identifier.citation.none.fl_str_mv 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.uri.none.fl_str_mv https://hdl.handle.net/20.500.12640/2437
dc.identifier.doi.none.fl_str_mv https://doi.org/10.18267/j.pep.361
identifier_str_mv 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
url https://hdl.handle.net/20.500.12640/2437
https://doi.org/10.18267/j.pep.361
dc.language.none.fl_str_mv Inglés
dc.language.iso.none.fl_str_mv eng
language_invalid_str_mv Inglés
language eng
dc.relation.ispartof.none.fl_str_mv urn:issn:1210-0455
urn:issn:2336-730X
dc.relation.uri.none.fl_str_mv https://pep.vse.cz/pdfs/pep/2010/01/01.pdf
dc.rights.*.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.en.fl_str_mv Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri.none.fl_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivatives 4.0 International
https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Prague University of Economics and Business
dc.publisher.country.none.fl_str_mv CZ
publisher.none.fl_str_mv Prague University of Economics and Business
dc.source.none.fl_str_mv reponame:ESAN-Institucional
instname:Universidad ESAN
instacron:ESAN
instname_str Universidad ESAN
instacron_str ESAN
institution ESAN
reponame_str ESAN-Institucional
collection ESAN-Institucional
bitstream.url.fl_str_mv https://repositorio.esan.edu.pe/bitstreams/83840bd6-d12f-4c51-9124-6e7fbf4d3013/download
https://repositorio.esan.edu.pe/bitstreams/3048a6ed-110a-430e-92eb-1f6dfb108bb8/download
https://repositorio.esan.edu.pe/bitstreams/ac669bac-679e-4200-aff5-de838059480b/download
bitstream.checksum.fl_str_mv 9951888bdf3cd445b3cb764584a557d1
ca9ef790c14abf7b57e9102b7a6ed9cb
3442f2e1cb1334bbb841140b81e84a1c
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
MD5
repository.name.fl_str_mv Repositorio Institucional ESAN
repository.mail.fl_str_mv repositorio@esan.edu.pe
_version_ 1843261785892716544
score 13.91977
Financial distress and access to capital in emerging markets
Nota importante:
La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).

Ejemplares Similares