01931cas a2200313 a 4500 AALejournalIMF021566 230101c9999 xx r poo 0 0eng d 18.00 USD 9781513574011 1018-5941 BD-DhAAL BD-DhAAL Meyer-Cirkel, Alexis. Balance Sheets and Debt Crises : Empirical Regularities for Modern Cases of Sovereign Distress / Alexis Meyer-Cirkel, Gonzalo Huertas. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (58 pages) IMF Working 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 Public and private sector balance sheets are an important component to any analysis of debt sustainability. A vulnerable and indebted private sector can become a sudden liability for the government; alternatively, resilient household and bank balance sheets may reveal potential sources of funding for the sovereign during times of fiscal distress. In this paper, we document empirical regularities in the behavior of macroeconomic variables during debt crises, and show how both macroeconomic fundamentals and sectoral net worth can affect the likelihood of undergoing default. Mode of access: Internet Foreign Exchange imf Informal Economy imf Public Administration imf Public Sector Accounting and Audits imf Underground Econom imf Huertas, Gonzalo. IMF Working Papers; Working Paper ; No. 2021/125 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/125/001.2021.issue-125-en.xml IMF e-Library