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Courage to capital? : A model of the effects of rating agencies on sovereign debt roll-over

Carlson, Mark A.; Hale, Galina - 2005

Persistent link: https://www.econbiz.de/10002771102

Sovereign debt : the assessment

Bowdler, Christopher; Esteves, Rui Pedro - In: Oxford review of economic policy 29 (2013) 3, pp. 463-477

Persistent link: https://www.econbiz.de/10010344452

Sovereign debt and incentives to default with uninsurable risks

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, … - In: Theoretical economics : TE ; journal of the Econometric … 12 (2017) 3, pp. 1121-1154

Persistent link: https://www.econbiz.de/10011753075

Unique equilibrium in the Eaton-Gersovitz model of sovereign debt

Auclert, Adrien; Rognlie, Matthew - In: Journal of monetary economics 84 (2016), pp. 134-146

Persistent link: https://www.econbiz.de/10011709652

Sovereign debt and incentives to default with uninsurable risks

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, … - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1121-1154

We show that sovereign debt is unsustainable if debt contracts are not supported by direct sanctions and default carries only a ban from ever borrowing in financial markets even in the presence of uninsurable risks and time-varying interest rate. This extension of Bulow and Rogoff, 1989 requires...

Persistent link: https://www.econbiz.de/10011744128