Self-Fulfilling Debt Crises

DOI10.1111/1467-937X.00123MaRDI QIDQ4949577zbMATH OpenFDO

Authors Harold L. Cole, Timothy J. Kehoe

Publication date 4 March 2001

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

zbMATH Keywords

dynamicfinancial crisesdebtstochastic general equilibrium

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Recommendations

• Self-fulfilling crises with default and devaluation
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• Public debt and fiscal policy traps
• Optimal time-consistent government debt maturity

Cited in

(30)

• Bank runs with many small banks and mutual guarantees at the terminal stage
• Bubbles and Self-Enforcing Debt
• Real option value and poverty trap
• Financial fragility, sovereign default risk and the limits to commercial bank bail-outs
• Present-biased government and sovereign debt dynamics
• Discretionary monetary and fiscal policy with endogenous sovereign risk
• Banks and liquidity crises in emerging market economies
• Monetary independence and rollover crises
• On the irrelevance of the maturity structure of government debt without commitment.
• General equilibrium, preferences and financial institutions after the crisis
• Critical debt and debt dynamics.
• On the relevance of floating exchange rate policies
• Household debt and crises of confidence
• Equilibrium and government commitment
• Financial crises as herds: overturning the critiques
• A continuous-time model of sovereign debt
• Public debt and fiscal policy traps
• Self-fulfilling crises with default and devaluation
• Disastrous Defaults
• Risk management for sustainable sovereign debt financing
• Banking and sovereign debt crises in a monetary union without central bank intervention
• A contraction for sovereign debt models
• Sovereign default: the role of expectations
• Credit rating and debt crises
• Bargained haircuts and debt policy implications
• Gambling for redemption and self-fulfilling debt crises
• Introduction to the special issue on models of debt and debt crises
• On the sovereign debt paradox
• Sovereign borrowing, financial assistance, and debt repudiation
• The productivity cost of sovereign default: evidence from the European debt crisis

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