01616cas a2200241 a 4500 AALejournalIMF011005 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589069107 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff Papers, Volume 56, No. 4. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (295 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic costs are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 2009/004 Full text available on IMF http://elibrary.imf.org/view/journals/024/2009/004/024.2009.issue-004-en.xml IMF e-Library