WorldCat Identities

Lizarazo, Sandra V.

Overview
Works: 4 works in 9 publications in 1 language and 75 library holdings
Roles: Author
Publication Timeline
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Most widely held works by Sandra V Lizarazo
Sovereign risk contagion by Cristina Arellano( )

4 editions published in 2017 in English and held by 48 WorldCat member libraries worldwide

We develop a theory of sovereign risk contagion based on financial links. In our multi-country model, sovereign bond spreads comove because default in one country can trigger default in other countries. Countries are linked because they borrow, default, and renegotiate with common lenders, and the bond price and recovery schedules for each country depend on the choices of other countries. A foreign default increases the lenders' pricing kernel, which makes home borrowing more expensive and can induce a home default. Countries also default together because by doing so they can renegotiate the debt simultaneously and pay lower recoveries. We apply our model to the 2012 debt crises of Italy and Spain and show that it can replicate the time path of spreads during the crises. In a counterfactual exercise, we find that the debt crisis in Spain (Italy) can account for one-half (one-third) of the increase in the bond spreads of Italy (Spain)
Macroeconomic structural policies and income inequality in low-income developing countries by Stefania Fabrizio( )

2 editions published in 2017 in English and held by 23 WorldCat member libraries worldwide

Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countries' ability to reach the Sustainable Development Goals. This underscores the importance of understanding how policies aimed at boosting economic growth affect income inequality. Using empirical and modeling techniques, the note confirms that macro-structural policies aimed at raising growth payoffs in low-income developing countries can have important distributional consequences, with the impact dependent on both the design of reforms and on country-specific economic characteristics. While there is no one-size-fits-all recipe, the note explores how governments can address adverse distributional consequences of reforms by designing reform packages to make pro-growth policies also more inclusive
Macro-structural policies and income inequality in low-income developing countries by Stefania Fabrizio( Book )

2 editions published in 2017 in English and held by 2 WorldCat member libraries worldwide

Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countries' ability to reach the Sustainable Development Goals. This underscores the importance of understanding how policies aimed at boosting economic growth affect income inequality. Using empirical and modeling techniques, the note confirms that macro-structural policies aimed at raising growth payoffs in low-income developing countries can have important distributional consequences, with the impact dependent on both the design of reforms and on country-specific economic characteristics. While there is no one-size-fits-all recipe, the note explores how governments can address adverse distributional consequences of reforms by designing reform packages to make pro-growth policies also more inclusive
Essays in sovereign debt by Sandra V Lizarazo( )

1 edition published in 2005 in English and held by 2 WorldCat member libraries worldwide

 
Audience Level
0
Audience Level
1
  Kids General Special  
Audience level: 0.65 (from 0.62 for Sovereign ... to 0.84 for Essays in ...)

Alternative Names
Lizarazo, Sandra.

Lizarazo, Sandra Valentina.

Languages