Aguiar, M.; Chatterjee, S.; Cole, H.; Stangebye, Z. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1697-1755). 2016
This chapter is on quantitative models of sovereign debt crises in emerging economies. We interpret debt crises broadly … factors and observed global factors. Our findings motivate quantitative models of debt and default with the following features …