02089cas a2200313 a 4500 AALejournalIMF022672 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400207211 1018-5941 BD-DhAAL BD-DhAAL Arslanalp, Serkan. Sovereign Debt Repatriation During Crises / Serkan Arslanalp, Laura Sunder-Plassmann. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (43 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 We use a new, comprehensive data set on the sovereign debt investor base to document three novel empirical facts: (i) sovereign debt is repatriated - that is, shifted from external private to domestic investors - prior to sovereign defaults; (ii) not all crises are equal: evidence for repatriation during banking and currency crises is more limited; and (iii) the nature of defaults matters: external investors do not leave during preemptive debt restructurings. We further show that repatriation appears to be prevalent when defaults happen in large markets with low capital controls. The data set we use is uniquely suited to analyzing investor base dynamics during rare crises due to its large cross-section and time series, covering 180 countries from 1989 to 2020. Mode of access: Internet Debt Management imf Debt imf Financial Crises imf Financial Markets and the Macroeconomy imf International Lending and Debt Problems imf Sunder-Plassmann, Laura. IMF Working Papers; Working Paper ; No. 2022/077 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=077 IMF e-Library