Browsing by Author "Uy, Timothy"

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  • Corsetti, Giancarlo; Erce, Aitor; Uy, Timothy (2018-05)
    We study theoretically and quantitatively how official lending regimes affect a government's decision to raise saving as opposed to defaulting, and its implication for sovereign bond pricing by investors. We reconsider ...
  • Corsetti, Giancarlo; Erce, Aitor; Uy, Timothy (2017-08)
    In response to the euro area crisis, European policymakers took a gradual, incremental approach to official lending, at first relying on the approach followed by the International Monetary Fund, then developing their own ...