Publicação
Sovereign debt default risk and Covid-19 - the impact of the Covid-19 pandemic on sovereign default risk and the relevance of fiscal space in developed and developing economies
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Rodrigues, Paulo Manuel Marques | |
| dc.contributor.author | Sales, Francisco de Oliveira Trovão | |
| dc.date.accessioned | 2023-07-28T16:12:31Z | |
| dc.date.available | 2023-07-28T16:12:31Z | |
| dc.date.issued | 2023-01-12 | |
| dc.date.submitted | 2022-12-15 | |
| dc.description.abstract | In the first months of the COVID-19 pandemic CDS spreads over the world ramped up. I study how market perception for sovereign debt default (represented by 5- year CDS spreads) evolved depending on the intensity of the economic shock caused by the spread of COVID-19, in developed and developing economies. Using a threshold model, I find a statistically significant relation between the increase in COVID-19 and the increase in CDS spreads for developed economies, with that impact being more than doubled when the country is fiscally constrained. For developing economies, I conclude that the shock in CDS spreads is mostly driven by global-risk factors. | pt_PT |
| dc.identifier.tid | 203312660 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/155951 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Sovereign default | pt_PT |
| dc.subject | Covid-19 | pt_PT |
| dc.subject | Fiscal space | pt_PT |
| dc.subject | Threshold estimation | pt_PT |
| dc.title | Sovereign debt default risk and Covid-19 - the impact of the Covid-19 pandemic on sovereign default risk and the relevance of fiscal space in developed and developing economies | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics | pt_PT |
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