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Optimal reserve management and sovereign debt

Alfaro, Laura; Kanczuk, Fabio - In: Journal of International Economics 77 (2009) 1, pp. 23-36

Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels. In addition, assuming constant debt levels does...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005527933

Paul R. Masson and Catherine Pattillo, The Monetary Geography of Africa, Brookings Institution Press, Washington, DC (2005).

Alfaro, Laura - In: Journal of International Economics 67 (2005) 2, pp. 515-520

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005531482

FDI and economic growth: the role of local financial markets

Alfaro, Laura; Chanda, Areendam; Kalemli-Ozcan, Sebnem; … - In: Journal of International Economics 64 (2004) 1, pp. 89-112

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005531527

Capital flows and capital goods

Alfaro, Laura; Hammel, Eliza - In: Journal of International Economics 72 (2007) 1, pp. 128-150

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005531810

Sovereign debt as a contingent claim: a quantitative approach

Alfaro, Laura; Kanczuk, Fabio - In: Journal of International Economics 65 (2005) 2, pp. 297-314

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005540262

The global agglomeration of multinational firms

Alfaro, Laura; Chen, Maggie Xiaoyang - In: Journal of International Economics 94 (2014) 2, pp. 263-276

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011117664