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Deadly debt crises : COVID-19 in emerging markets
Arellano, Cristina; Bai, Yan; Mihalache, Gabriel - 2020
Persistent link: https://www.econbiz.de/10012434325
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Self-fulfilling debt crises with long stagnations
Ayres, Joao; Navarro, Gaston; Nicolini, Juan Pablo; … - 2019
Persistent link: https://www.econbiz.de/10012041273
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News, sovereign debt maturity, and default risk
Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2018
productivity. A quantitative model of news and sovereign debt default with endogenous maturity choice generates impulse responses …-term debt does not shield the country from bad news shocks, and it may even exacerbate default risk. Finally, an increase in the …
Persistent link: https://www.econbiz.de/10011950496
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Self-fulfilling debt crises with long stagnations
Ayres, Joao; Navarro, Gaston; Nicolini, Juan Pablo; … - 2023
crisis of the early 2010s and the Argentine default of 2001. The source of multiplicity is the one in Calvo (1988). Key for … during stagnations. Expectations are a major driver explaining default rates and credit spread differences between Spain and …
Persistent link: https://www.econbiz.de/10014471204
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Deadly debt crises : COVID-19 in emerging markets
Arellano, Cristina; Bai, Yan; Mihalache, Gabriel - 2021 - Current version April 2021
Persistent link: https://www.econbiz.de/10012606975
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Preferred and non-preferred creditors
Cordella, Tito; Powell, Andrew - 2021
International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts, they normally pay IFIs in full. This paper presents a model where a creditor, such as an...
Persistent link: https://www.econbiz.de/10012586734
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Seigniorage and sovereign default : the response of emerging markets to COVID-19
Espino, Emilio; Kozlowski, Julian; Martin, Fernando M.; … - 2020
Persistent link: https://www.econbiz.de/10012306883
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Monetary independence and rollover crises
Bianchi, Javier; Mondragon, Jorge - 2018
Persistent link: https://www.econbiz.de/10011967428
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Optimal fiscal policy and sovereign debt crises
Niemann, Stefan; Pichler, Paul - 2017
Persistent link: https://www.econbiz.de/10011763302
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Sovereign debt restructurings
Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2018
. The prevalence of maturity extensions has been hard to reconcile with economic theory. We develop a model of endogenous … extensions upon restructurings: income recovery after default, credit exclusion after restructuring, and regulatory costs of book …
Persistent link: https://www.econbiz.de/10011911551