We study sovereign debt default in small open economies and the relation linking sovereign bond spreads, business cycles, and exchange rate policy in emerging economies. In the second chapter, Sovereign Default and Debt Renegotiation, we develop a small open economy model to study sovereign...

Based on the product-country level trade data from 2004 to 2017, as well as the High-Tech Products Catalog from the US Census Bureau, this paper examines empirically the current phenomenon of “national concentration” in high-tech exports. The results show that the phenomenon of “national...