Zobrazeno 1 - 10
of 83
pro vyhledávání: '"L J, Wright"'
Publikováno v:
American Economic Review. 108:3541-3582
Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America received considerable international capitaleven as their economies stagnated. The literature typically explains the failureof capital
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2c874cbf34a21df56e8105a45e24a288
https://doi.org/10.1257/aer.20151510
https://doi.org/10.1257/aer.20151510
This paper quantifies the positive and normative effects of capital controls on international economic activity under The Bretton Woods international financial system. We develop a three-region world economic model consisting of the U.S., Western Eur
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::41dc262c44002378aa9b82efa63906a3
https://doi.org/10.20955/wp.2020.042
https://doi.org/10.20955/wp.2020.042
Autor:
Mark L. J. Wright, David Benjamin
Publikováno v:
Oxford Economic Papers. 71:382-404
Negotiations to restructure sovereign debt are time consuming, taking almost a decade on average to resolve. In this paper, we analyse a class of widely used complete information models of delays in sovereign debt restructuring and show that, despite
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::736ca34d58622404814e1431a5d75dd8
https://doi.org/10.1093/oep/gpy042
https://doi.org/10.1093/oep/gpy042
Publikováno v:
The Journal of Investing. 27:74-79
Venezuela’s incipient sovereign debt restructuring is likely to be difficult for a number of legal and diplomatic reasons. This article discusses three additional economic issues that will influence the success of any restructuring operation. First
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5e04d8c4892c7f0fd930a3e56e104e58
https://doi.org/10.3905/joi.2018.27.3.074
https://doi.org/10.3905/joi.2018.27.3.074
Autor:
Gonca Senel, Mark L. J. Wright
Publikováno v:
Economics Letters. 209:110100
Recent work has found that countries with older populations face steeper yield curves and issue shorter maturity debt than do younger countries. We reexamine these findings using a new database of public debt maturity and yields for OECD countries. W
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::47ce6142897af652bcca3dc02b405a8a
https://doi.org/10.1016/j.econlet.2021.110100
https://doi.org/10.1016/j.econlet.2021.110100
Publikováno v:
Review of Economic Dynamics. 25:121-150
This paper uses a macroeconomic model calibrated to U.S. data to show that limited contract enforcement leads to substantial under-insurance against human capital risk. The model economy is populated by a large number of risk-averse households who ca
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::323f8d8f9b3067e3b81ff4e911dd1ff0
https://doi.org/10.1016/j.red.2017.02.008
https://doi.org/10.1016/j.red.2017.02.008
Sovereign governments owe debt to many foreign creditors and can choose which creditors to favor when making payments. This paper documents the de facto seniority structure of sovereign debt using new data on defaults (missed payments or arrears) and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c914daff121eeb801d5c557b3658a458
https://doi.org/10.3386/w25793
https://doi.org/10.3386/w25793
The Bretton Woods international financial system, which was in place from roughly 1949- 1973, is the most significant modern policy experiment to attempt to simultaneously manage international payments, international capital flows, and international
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8321325f52c4495138582ebac94eb878
https://doi.org/10.20955/wp.2019.030
https://doi.org/10.20955/wp.2019.030
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::301433b30883eb355c0e5ad922ad63bf
https://doi.org/10.2139/ssrn.3387668
https://doi.org/10.2139/ssrn.3387668
Autor:
Rohan Pitchford, Mark L. J. Wright
Publikováno v:
Economic Theory. 64:847-876
Consider a sovereign who must obtain agreement with all creditors in order to realize a gain from re-entering world capital markets. A simple game of settlement is developed to reflect strategic interaction between creditors in this environment. Payo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::059fafcc772f0507c94da6fc999df91a
https://doi.org/10.1007/s00199-016-1001-4
https://doi.org/10.1007/s00199-016-1001-4