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Title
Output costs of sovereign crises: some empirical estimates.
Abstract
The article investigates the impact of debt crisis on a country's output. Accordingly, it presents and discusses the two methods that the authors have used in measuring the output counterfactual. It then explores the results of the investigation which suggest that once in a crisis, the annual output losses are found to increase the longer that countries stay in its financial obligations or take to restructure their debts.