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Gambling for redemption and self-fulfilling debt crises
16 references·5 citing·39 second hop
Gambling for redemption and self-fulfilling debt crises (2017)Gambling for redemption and self-fulfilli…Handbook of International Economics (2014)Handbook of International Eco…Default and the Maturity Structure in Sovereign Bonds (2012)Default and the Maturity Stru…A General Equilibrium Model of Sovereign Default and Business Cycles (2012)A General Equilibrium Model o…This time is different: eight centuries of financial folly (2010)This time is different: eight…This Time Is Different (2009)This Time Is DifferentLong-duration bonds and sovereign defaults (2009)Long-duration bonds and sover…Default Risk and Income Fluctuations in Emerging Economies (2007)Default Risk and Income Fluct…Consumer Bankruptcy: A Fresh Start (2007)Consumer Bankruptcy: A Fresh …A Quantitative Theory of Unsecured Consumer Credit with Risk of Default (2007)A Quantitative Theory of Unse…Defaultable debt, interest rates and the current account (2005)Defaultable debt, interest ra…Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks (2002)Unique Equilibrium in a Model…Self-Fulfilling Debt Crises (2000)Self-Fulfilling Debt CrisesA self-fulfilling model of Mexico's 1994–1995 debt crisis (1996)A self-fulfilling model of Me…Uninsured Idiosyncratic Risk and Aggregate Saving (1994)Uninsured Idiosyncratic Risk …The risk-free rate in heterogeneous-agent incomplete-insurance economies (1993)The risk-free rate in heterog…Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)Servicing the Public Debt: Th…Debt Sustainability with Conventional and Unconventional Monetary Policy (2022)Debt Sustainability with Conv…Monetary Independence and Rollover Crises (2018)Monetary Independence and Rol…Government Debt Management: The Long and the Short of It (2018)Government Debt Management: T…Is It Too Late to Bail Out the Troubled Countries in the Eurozone? (2014)Is It Too Late to Bail Out th…Slow Moving Debt Crises (2013)Slow Moving Debt CrisesCredit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008 (2012)The European Sovereign Debt Crisis (2012)Populism and the economics of globalization (2018)Systemic Banking Crises Database II (2020)Optimal fiscal and monetary policy in an economy without capital (1983)Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986)Foundations of International Macroeconomics (1997)Financial Contagion Journal of Political Economy (1998)The Economics and Law of Sovereign Debt and Default (2009)Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy (2015)Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Agency Costs, Net Worth, And Business Fluctuations (1988)Credit Cycles (1997)Sovereign Defaults: The Price of Haircuts (2011)Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies (2013)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Theory ahead of business-cycle measurement (1986)Precautionary Saving in the Small and in the Large (1989)Interpreting the Evidence on Life Cycle Skill Formation (2005)Emerging Market Business Cycles: The Cycle Is the Trend (2007)Asset Prices in an Exchange Economy (1978)THE EQUITY PREMIUM PUZZLE AND THE RISK-FREE RATE PUZZLE (1988)Recursive Methods in Economic Dynamics (1989)Asset Pricing with Heterogeneous Consumers (1996)Global Games and Equilibrium Selection (1993)Coordination Failures and the Lender of Last Resort: Was Bagehot Right after All? (2004)Financial Intermediaries and Markets (2004)Local Economic Development, Agglomeration Economies, and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority * (2013)Income and Wealth Heterogeneity in the Macroeconomy (1998)Default Risk and Income Fluctuations in Emerging Economies (2008)The Nature of Credit Constraints and Human Capital (2011)Maturity, Indebtedness, and Default Risk (2012)Investment, Capacity Utilization and the Real Business Cycle (1986)Trust and Growth (2001)Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019)Corporate Immunity to the COVID-19 Pandemic (2020)Social Protection and the Formation of Skills: A Reinterpretation of the Welfare State (2001)Varieties of Capitalism (2001)Robots and Jobs: Evidence from US Labor Markets (2019)
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References

  • 2009This Time Is Different3,448 cited
  • 1994Uninsured Idiosyncratic Risk and Aggregate Saving2,799 cited
  • 2010This time is different: eight centuries of financial folly1,776 cited
  • 2007Default Risk and Income Fluctuations in Emerging Economies1,288 cited
  • 1993The risk-free rate in heterogeneous-agent incomplete-insurance economies1,267 cited
  • 2002Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks911 cited
  • 2014Handbook of International Economics872 cited
  • 2005Defaultable debt, interest rates and the current account800 cited
  • 2000Self-Fulfilling Debt Crises739 cited
  • 2007A Quantitative Theory of Unsecured Consumer Credit with Risk of Default572 cited
  • 2012A General Equilibrium Model of Sovereign Default and Business Cycles526 cited
  • 2007Consumer Bankruptcy: A Fresh Start483 cited
  • 1989Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661.

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450 cited
  • 2012Default and the Maturity Structure in Sovereign Bonds430 cited
  • 1996A self-fulfilling model of Mexico's 1994–1995 debt crisis421 cited
  • 2009Long-duration bonds and sovereign defaults411 cited
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    • 2022Debt Sustainability with Conventional and Unconventional Monetary Policy12 cited