International Debts Flows

One Reason Countries Pay Their Debts: Renegotiation and International Trade

Abstract I estimate the effect of sovereign debt renegotiation on international trade. Sovereigns may fear the trade consequences of default; because creditors deter default, or because trade finance dries up. I use an empirical gravity model of trade and a panel data set covering fifty years, over 150 countries, and other factors that influence bilateral trade. Debt renegotiation is associated...

Controlling International Capital Flows

The East Asian financial crisis in the late 1990s has challenged the widely-held belief that international financial markets should be deregulated. The common arguments both for and against free international capital flows are analysed and contrasted. Given the existence of various distortions and market failures in the global economy, there is a case for some degree of control. The extension a...

International Capital Flows

Essays on International Capital Flows

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Medicare bad debts are you losing money?

Providers should adopt strategies to make sure that both their claimed and not yet claimed Medicare bad debts will be reimbursed. For periods going forward, providers that are not protected by the bad debt moratorium should make sure they have a bad debt policy in place that complies with CMS's current policies.