01631cas a2200241 a 4500 AALejournalIMF021919 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589062047 1020-7635 BD-DhAAL BD-DhAAL Flood, Robert. IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference / Robert Flood. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (196 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 The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt restructuring. It also describes the broad trends in international financial integration for a sample of industrial countries and explains the cross-country and time-series variation in the size of international balance sheets. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 2003/005 Full text available on IMF http://elibrary.imf.org/view/journals/024/2003/005/024.2003.issue-005-en.xml IMF e-Library