University of Tasmania
Browse

File(s) under permanent embargo

Sovereign debt crises in Latin America: a market pressure approach

journal contribution
posted on 2023-05-18, 21:06 authored by Boonman, TM, Jacobs, JPAM, Kuper, GH
We construct a continuous sovereign debt crisis index for four large Latin American countries for the period 1870-2012. To obtain the optimal set of indicators and the optimal value of the threshold for dating crises we apply the receiver operating characteristic (ROC) curve. Our sovereign debt crisis index is a weighted average of three indicators: the debt-to-GDP ratio, the external interest rate spread, and the exports-to-imports ratio. The continuous index allows a more advanced analysis of sovereign debt crises as illustrated with an investigation of the relationship between sovereign debt crises and business cycles in Latin America.

History

Publication title

Emerging Markets Finance and Trade

Volume

51

Pagination

S80-S93

ISSN

1540-496X

Department/School

TSBE

Publisher

Routledge

Place of publication

United States

Rights statement

Copyright © Taylor & Francis Group, LLC

Repository Status

  • Restricted

Socio-economic Objectives

Expanding knowledge in economics

Usage metrics

    University Of Tasmania

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC