Sovereign debt spread and default in a model with self-fulfilling prophecies ans asymmetric information Abstract : The outbreak of the Greek crisis has revived the literature on the sovereign debt spreads. Recent evidence has shed new lights on the main determinants of interest rates spreads. The sharp increase of government bond yields cannot be entirely attributed tochanges in macroeconomic ...
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2015-04
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| Authors: | Blot, Christophe ; Ducoudré, Bruno ; Timbeau, Xavier |
| Institutions: | Centre de recherche en Économie (OFCE), Sciences économiques |
| Subject: | Sovereign default | risk premium | multiple equilibria | asymmetric information |
| Extent: | application/pdf |
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| Type of publication: | Book / Working Paper |
| Notes: | The text is part of a series Document de travail Number 2015-12 |
| Classification: | H63 - Debt; Debt Management ; E44 - Financial Markets and the Macroeconomy ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination |
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Persistent link: https://www.econbiz.de/10011265826