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Browsing ADEMU Working Papers Series by Subject "Bailouts"

Browsing ADEMU Working Papers Series by Subject "Bailouts"

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  • Chari, V. V.; Dovis, Alessandro; Kehoe, Patrick J. (2017-09)
    We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.
  • Marin, Emile-Alexandre (2018-05)
    Sovereign risk premia reflect investors’ beliefs for the equilibrium and off –equilibrium actions of international agents. This paper investigates the international dimension of self-fulfilling sovereign debt crises and ...
  • Soyres, Constance de (2018-05)
    This paper characterizes the optimal bailout maturity structure for a sovereign on the verge of a default. I find that buying back long-term debt is strictly optimal when it can prevent a default today and in the future. ...

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