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On the role of financial aid in a default episode

Bazdresch, Santiago - 2018

We develop a dynamic stochastic quantitative model of sovereign default featuring fiscal policy, endogenous financial aid and risk-averse foreign lenders, in order to explore the role of financial aid in a default episode. After calibrating the model, we feed output shocks into the model to show...

Persistent link: https://www.econbiz.de/10012165737