Dias, Daniel A.; Richmond, Christine; Wright, Mark L.J. - In: Journal of International Economics 94 (2014) 1, pp. 1-17
The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal repayments, face values are misleading when debts are issued with different contractual forms or maturities. In this paper, we construct alternative measures of the stock of...
