Search Results
Journal Article
Fixed-premium deposit insurance and international credit crunches
This article introduces a monopolistically competitive model of foreign lending in which both explicit and implicit fixed-premium deposit insurance increase the degree to which bank participation in relending to problem debtors falls below its globally optimal level. This provides a channel for fixed-premium deposit insurance to inhibit credit extension in bad states, resulting in an increase in the expected default percentage and an increase in the expected burden on the deposit insurance institutions.
Journal Article
International debt with unenforceable claims
Conference Paper
New evidence on the international bank lending channel
Journal Article
U.S. banks and LDC debt
Journal Article
Rebound in U.S. banks' foreign lending
Journal Article
Country risk
Journal Article
Bank earnings and LDC loss reserves
Journal Article
The costs of default and international lending
An examination of the costs and benefits of LDC external debt default, with a discussion of the implications for the future of international lending.
Journal Article
LDC lending after the crisis