Efficient sovereign default

DOI10.1093/RESTUD/RDY012MaRDI QIDQ4627472zbMATH OpenOpenAlexFDO

Authors Alessandro Dovis

Publication date 11 March 2019

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/b4e9c1981eb018d69c7f807c3033b6c48309f95d

zbMATH Keywords

private informationlack of commitmentsovereign defaultdept maturity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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(19)

• A general equilibrium model of sovereign default and business cycles
• Early warning systems for sovereign debt crises: The role of heterogeneity
• Labor market distortions under sovereign debt default crises
• Endogenous borrowing constraints and stagnation in Latin America
• Crony capitalism and sovereign default
• Take the short route: equilibrium default and debt maturity
• Sovereign Debt without Default Penalties
• Birds of a feather: separating spillovers from shocks in sovereign default
• A model of sovereign debt with private information
• Reaching nirvana with a defaultable asset?
• Sovereign default risk valuation. Implications of debt crises and bond restructurings.
• Sovereign debt and incentives to default with uninsurable risks
• Self-fulfilling crises with default and devaluation
• Sovereign default: the role of expectations
• The bribe rate and long run differences in sovereign borrowing costs
• Robust predictions in dynamic policy games
• Credit rating and debt crises
• COSTLY INFORMATION AND SOVEREIGN RISK
• The productivity cost of sovereign default: evidence from the European debt crisis

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