Showing 1 - 10 of 50,787
is described using a stochastic regime-switching model; second, the euro area governments' responses to uncertain … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area … understand key drivers of the long-winded negotiations between the Syiza government and the euro area governments …
Persistent link: https://www.econbiz.de/10012999786
Persistent link: https://www.econbiz.de/10015104943
Persistent link: https://www.econbiz.de/10012229743
Persistent link: https://www.econbiz.de/10011804511
Persistent link: https://www.econbiz.de/10010226450
relationship between primary balances to debt. Third, debt sustainability in the presence of rollover risk. And fourth, whether …
Persistent link: https://www.econbiz.de/10013295141
Spain), and the Target claims of the German Bundesbank increased significantly. If the Eurozone collapses, the German …
Persistent link: https://www.econbiz.de/10009764406
We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instruments in a standard sovereign default model à la Eaton and Gersovitz (1981). We show that for the commonly used threshold state-contingent bond...
Persistent link: https://www.econbiz.de/10014030625
, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …
Persistent link: https://www.econbiz.de/10014529900
risk. We show that among economies in the Union, there is significant disagreement about the common debt limit the Union …
Persistent link: https://www.econbiz.de/10013306767