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  • Search: subject:"Self-fulfilling debt crisis"
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Year of publication
Subject
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Default 2 Optimal contracting 2 Self-fulfilling debt crisis 2 Debt crisis 1 Debt management 1 Developing countries 1 Entwicklungsländer 1 Insolvency 1 Insolvenz 1 International sovereign debt 1 Internationale Staatsschulden 1 Public debt 1 Schuldenkrise 1 Schuldenmanagement 1 Sovereign default 1 Staatsbankrott 1 Theorie 1 Theory 1 Öffentliche Schulden 1
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Article 2
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Article in journal 1 Aufsatz in Zeitschrift 1 Conference paper 1 Konferenzbeitrag 1
Language
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English 1 Undetermined 1
Author
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Arellano, Cristina 2 Kocherlakota, Narayana 1 Kocherlakota, Narayana Rao 1
Published in...
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Journal of Monetary Economics 1 Journal of monetary economics 1
Source
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ECONIS (ZBW) 1 RePEc 1
Showing 1 - 2 of 2
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Internal debt crises and sovereign defaults
Arellano, Cristina; Kocherlakota, Narayana - In: Journal of Monetary Economics 68 (2014) S, pp. 68-68
Internal and sovereign debt crises occur together and happen more frequently in economies with weak bankruptcy institutions. This paper provides a novel explanation. Internal crises arise because of the inability to liquidate private debtors when many default. In an optimal contract, a...
Persistent link: https://www.econbiz.de/10011076650
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Cover Image
Internal debt crises and sovereign defaults
Arellano, Cristina; Kocherlakota, Narayana Rao - In: Journal of monetary economics 68 (2014), pp. 68-80
Persistent link: https://www.econbiz.de/10011290228
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