Search Results - subject:"Optimal Default"

Lindset, Snorre; Nygård, Guttorm; Persson, Svein-Arne - In: Journal of money, credit and banking : JMCB 56 (2024) 7, pp. 1611-1643

Persistent link: https://www.econbiz.de/10015116883

Support for Small Businesses amid COVID-19

Goodhart, Charles; Tsomocos, Dimitrios; Wang, Xuan - 2021

sanction. The optimal default sanction balances the trade-off between allocation and stabilisation. Finally, we solve for the … optimal default sanction numerically and conduct comparative statics. …

Persistent link: https://www.econbiz.de/10012427144

Support for small businesses amid COVID-19

Goodhart, Charles A. E.; Tsomocos, Dimitrios P.; Wang, Xuan - 2021 - Revision: January 13, 2021

economy will be shifted to a lower equilibrium in the long run. The optimal default sanction balances the trade-off between …-stabilisation. Finally, we solve for the optimal default sanction numerically and conducts comparative statics for various policy analyses. …

Persistent link: https://www.econbiz.de/10012251378

Optimal Maturity Structure of Sovereign Debt in Situation of Near Default

Desgranges, Gabriel; Rochon, Céline - International Monetary Fund (IMF) - 2014

We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under uncertainty. The Sovereign faces a trade-off between a future costly default and a high current fiscal effort. This results into a debt crisis in case a large initial issuance of long...

Persistent link: https://www.econbiz.de/10010959469