Self-fulfilling crises with default and devaluation

DOI10.1007/S00199-012-0702-6MaRDI QIDQ361822zbMATH OpenOpenAlexFDO

Authors José-María Da-Rocha, Eduardo-Luis Giménez, Francisco-Xavier Lores

Publication date 19 August 2013

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-012-0702-6

zbMATH Keywords

defaultdevaluationdynamic stochastic general equilibriumeconomic crisisgovernment debt policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51) Economic dynamics (91B55)

Recommendations

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Cites work

• Bankruptcy and firm finance
• Devaluation of fixed exchange rates: Optimal strategy in the presence of speculation
• Domestic financial market frictions, unrestricted international capital flows, and crises in small open economies
• International trade and competitiveness
• Openness, managerial incentives, and heterogeneous firms
• Self-Fulfilling Debt Crises
• Taxation without commitment

Cited in

(15)

• An apocalypse foretold: climate shocks and sovereign defaults
• Devaluation, debt, and default in emerging economies
• Self-fulfilling currency crises with borrowing constraints and domestic currency debt
• Bubbles and Self-Enforcing Debt
• Government guarantees and self-fulfilling speculative attacks
• Disastrous Defaults
• Fiscal austerity during debt crises
• Gambling for redemption and self-fulfilling debt crises
• Introduction to the special issue on models of debt and debt crises
• The productivity cost of sovereign default: evidence from the European debt crisis
• Savings and default
• Applications of stochastic optimal control/dynamic programming to international finance and debt crises
• Efficient sovereign default
• Nominal sovereign debt
• Monetary independence and rollover crises

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