Chatterjee, Satyajit; Eyigüngör, Burcu - 2009
We present a novel and tractable model of long-term sovereign debt. We make two sets of contributions. First, on the … substantive side, using Argentina as a test case we show that unlike one-period debt models, our model of long-term sovereign debt … had issued only short-term debt. Second, on the methodological side, we advance the theory of sovereign debt begun in …