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pro vyhledávání: '"Juan Hatchondo"'
We extend the standard Eaton and Gersovitz (1981) sovereign default model to study bailout policies. In our setup a country that concentrates a significant fraction of bond holders decide on a period by period basis whether to bailout a debtor govern
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::8cc8bfe7c44bb2a8924e67ee52900879
https://www.economicdynamics.org/meetpapers/2014/paper_1278.pdf
https://www.economicdynamics.org/meetpapers/2014/paper_1278.pdf
A long-standing puzzle of international capital flows is why countries hold large amount of external debt and foreign reserves at the same time. To address this puzzle, we propose a sovereign default model where the government decides jointly over th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::d1a4729ba794339bd04f9f414693d655
https://economicdynamics.org/meetpapers/2012/paper_1125.pdf
https://economicdynamics.org/meetpapers/2012/paper_1125.pdf