Sovereign Debt Defaults and Financing Needs

  title={Sovereign Debt Defaults and Financing Needs},
  author={Mark H Kruger and Miguel Messmacher},
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. We construct a financial vulnerability indicator that is consistent with the theoretical literature on determinants of defaults. It is based on the amount of new… CONTINUE READING

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