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Browsing ADEMU Working Papers Series by Subject "Default"

Browsing ADEMU Working Papers Series by Subject "Default"

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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 ...
  • Müller, Andreas; Storesletten, Kjetil; Zilibotti, Fabrizio (2016-09)
    We construct a dynamic theory of sovereign debt and structural reforms with three interacting frictions: limited enforcement, limited commitment, and incomplete markets. A sovereign country in recession issues debt to ...

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