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Sovereign defaults, credit to the private sector, and domestic credit market institutions
Sandleris, Guido - In: Journal of money, credit and banking : JMCB 46 (2014) 2/3, pp. 321-345
Persistent link: https://www.econbiz.de/10010464107
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Collateral, liquidity and debt sustainability
Niemann, Stefan; Pichler, Paul - 2013
Persistent link: https://www.econbiz.de/10009775471
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Collateral, liquidity and debt sustainability
Niemann, Stefan; Pichler, Paul - 2013
Persistent link: https://www.econbiz.de/10010359661
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Collateral, liquidity and debt sustainability : conference paper
Niemann, Stefan; Pichler, Paul - 2014
to smooth consumption over time and because they provide collateral and liquidity services. We characterize a recursive … and contemporaneous costs due to lost collateral and liquidity are essential to generate these empirically plausible …
Persistent link: https://www.econbiz.de/10010491142
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Collateral, liquidity and debt sustainability
Niemann, Stefan; Pichler, Paul - In: The economic journal : the journal of the Royal … 127 (2017) 604, pp. 2093-2126
Persistent link: https://www.econbiz.de/10011758101
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Growth-linked bonds : sovereign debt contracts (Forum)
Griffith-Jones, Stephany; Hertova, Dagmar - In: CESifo DICE report : journal for institutional comparisons 11 (2013) 3, pp. 33-38
Persistent link: https://www.econbiz.de/10010201520
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Sovereign damage control : sovereign debt contracts (Forum)
Gelpern, Anna - In: CESifo DICE report : journal for institutional comparisons 11 (2013) 3, pp. 10-15
Persistent link: https://www.econbiz.de/10010201524
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Credit Default Swaps as Sovereign Debt Collateral
Sambalaibat, Batchimeg - 2013
A defining friction of sovereign debt is the lack of collateral that can back sovereign borrowing. This paper shows … that credit default swaps (CDS) can serve as collateral and thereby support more sovereign borrowing. By giving more …
Persistent link: https://www.econbiz.de/10013093512
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Debt as safe asset
Brunnermeier, Markus Konrad; Merkel, Sebastian; … - 2021
The price of a safe asset reflects not only the expected discounted future cash flows but also future service flows, since retrading allows partial insurance of idiosyncratic risk in an incomplete markets setting. This lowers the issuers’ interest burden and allows the government to run a...
Persistent link: https://www.econbiz.de/10012797027
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Safe assets, credit provision and debt management
Chiesa, Gabriella - In: Open economies review 31 (2020) 3, pp. 637-667
Persistent link: https://www.econbiz.de/10012302097