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Phan, Toan - 2016

I show that reputation alone can sustain nominal sovereign debt, which is subject to both the risks of default and … than real savings if markets are incomplete. Thus, the loss of either repayment or monetary reputation severely affects the …

Persistent link: https://www.econbiz.de/10013004671

Effects of currency devaluations on the economic growth in developing countries : the role of foreign currency-denominated debt

Saibene, Giacomo; Sicouri, Silvia - In: Atlantic economic journal : AEJ 40 (2012) 2, pp. 191-209

Persistent link: https://www.econbiz.de/10009629804

Do currency manipulations hurt US bilateral trade balance?

Aftab, Muhammad; Bahmani-Oskooee, Mohsen; Karamelikli, … - In: Eurasian economic review : a journal in applied … 13 (2023) 1, pp. 127-144

Persistent link: https://www.econbiz.de/10014252837

Nominally Sovereign Debt, Risk Shifting, and Reputation

Grossman, Herschel I. - 2010

This paper analyzes a reputational equilibrium in a model in which nominally denominated sovereign debt serves to shift risk associated with the unpredictability of tax revenues from the sovereign to its lenders. The analysis answers the following set of related questions: Why would a sovereign...

Persistent link: https://www.econbiz.de/10012760389