Alfaro, Laura; Kanczuk, Fabio - Inter-American Development Bank - 2006
In this paper we review the literature on sovereign debt with particular emphasis on indexation and maturity and the … Kanczuk (2005a, b, c), we modeled sovereign debt as a contingent claim following the framework developed by Grossman and Van … this framework to the study of the sustainability of sovereign debt, the tradeoff between nominal and indexed debt, and the …