Zobrazeno 1 - 7
of 7
pro vyhledávání: '"Sergio de Ferra"'
Autor:
Enrico Mallucci, Sergio de Ferra
Emerging markets’ interest rate spreads display substantial time-varying volatility. We show that models with endogenous sovereign default risk a la Eaton and Gersovitz (1981) can account for such volatility, even in the absence of shocks to the se
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::35aea58157c79c6a7f39e443a6ab8dcd
https://doi.org/10.1016/j.jinteco.2021.103542
https://doi.org/10.1016/j.jinteco.2021.103542
Autor:
Sergio de Ferra
Publikováno v:
Journal of the European Economic Association. 19:347-402
The experience of the European monetary union has been characterized by three distinctive facts. First, core and periphery countries ran widening current account surplus and deficit positions, after the inception of the union. Second, core countries
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::425cc6ec00eeb29f0eead3d167ca2701
https://doi.org/10.1093/jeea/jvz079
https://doi.org/10.1093/jeea/jvz079
Autor:
Sergio de Ferra, Enrico Mallucci
Publikováno v:
Journal of International Economics. 137:103611
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2cff3146f74dcaed720aa1664bc71045
https://doi.org/10.1016/j.jinteco.2022.103611
https://doi.org/10.1016/j.jinteco.2022.103611
Autor:
Enrico Mallucci, Sergio de Ferra
Publikováno v:
FEDS Notes.
Should debtor countries support each other during sovereign debt crises? We answer this question through the lens of a two-country sovereign-default model that we calibrate to the euro-area periphery. First, we look at cross-country bailouts. We find
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::77335e63c4e88b175b53fb5dc4f5db9d
https://doi.org/10.17016/2380-7172.2600
https://doi.org/10.17016/2380-7172.2600
Autor:
Sergio de Ferra, Enrico Mallucci
Publikováno v:
International Finance Discussion Paper. 2020
Emerging market interest rate spreads display substantial time-varying volatility. We show that a baseline model with endogenous sovereign default risk can account for such volatility, even in the absence of shocks to the second moments of the exogen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a49e5f0ddb79d93dcbd7e47c7af7c4bd
https://doi.org/10.17016/ifdp.2020.1276
https://doi.org/10.17016/ifdp.2020.1276
Autor:
Sergio de Ferra, Enrico Mallucci
Publikováno v:
SSRN Electronic Journal.
Emerging market interest rate spreads display substantial time-varying volatility. We show that a baseline model with endogenous sovereign default risk can account for such volatility, even in the absence of shocks to the second moments of the exogen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d312cbd145976c0a393ace4177836084
https://doi.org/10.2139/ssrn.3699114
https://doi.org/10.2139/ssrn.3699114
Publikováno v:
Journal of International Economics
We study the role of heterogeneity in the transmission of foreign shocks. We build a Heterogeneous-Agent New-Keynesian Small Open Model Economy (HANKSOME) that experiences a current account reversal. Households' portfolio composition and the extent o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::26c382cab6ab9900a7afb9660bbad121