Rose, Andrew (contributor); Spiegel, Mark (contributor) - 2002 - [Elektronische Ressource]
A Gravity Model of Sovereign Lending:
Trade, Default and Credit
Andrew K. Rose and Mark M. Spiegel*
Draft … external debts is the fear that default might lead to
shrinkage of international trade. If so, then creditors should … systematically lend more to countries
with which they share closer trade links. We develop a simple theoretical model to capture …