Do Sovereign Defaults Hurt Exporters?

Eduardo Borensztein and Ugo Panizza

No 4447, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: This paper uses a difference-in-difference methodology similar to the one originally proposed by Rajan and Zingales (1998) to test whether defaulting hurts the more export-oriented industries. Strong support for this hypothesis was found, but contrary to the findings of previous studies, our estimations suggest that the effect of defaults is short-lived.

Date: 2006-03
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Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Do Sovereign Defaults Hurt Exporters? (2010)
Working Paper: Do Sovereign Defaults Hurt Exporters? (2006)
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