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Has the Legal Threat to Sovereign Debt Restructuring Become Real
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Has the Legal Threat to Sovereign Debt Restructuring Become Real (2006)Has the Legal Threat to Sovereign Debt Re…Sovereign defaults: Information, investment and credit (2008)Sovereign defaults: Informati…Sovereign Debt Structure for Crisis Prevention (2005)Sovereign Debt Structure for …Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005 (2005)Haircuts: Estimating Investor…Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001 (2002)Bankruptcy Procedures for Sov…A New Approach to Sovereign Debt Restructuring (2002)A New Approach to Sovereign D…Sovereign Debt as Intertemporal Barter (2000)Sovereign Debt as Intertempor…Emerging Financial Markets (2000)Emerging Financial MarketsCrisis? What Crisis?: Orderly Workouts for Sovereign Debtors (1995)Crisis? What Crisis?: Orderly…Debt with potential repudiation (1990)Debt with potential repudiati…How Sovereign Debt Has Worked (1989)How Sovereign Debt Has WorkedSovereign Debt: Is To Forgive To Forget? (1988)Sovereign Debt: Is To Forgive…The pure theory of country risk (1986)The pure theory of country ri…A Constant Recontracting Model of Sovereign Debt (1986)A Constant Recontracting Mode…Debt and Default in the 1930s: Causes and Consequences (1985)Debt and Default in the 1930s…Benefit-Cost Analysis of Government Programs (1982)Benefit-Cost Analysis of Gove…Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Debt with Potential Repudiati…Quantitative Models of Sovereign Default and the Threat of Financial Exclusion (2007)Quantitative Models of Sovere…Sovereign Debt in the Americas: New Data and Stylized Facts (2006)Sovereign Debt in the America…Theoretical Issues in International Borrowing (1983)International investment and colonial control: a new interpretation (1994)The case for GDP-indexed bonds (2004)The Forgotten History of Domestic Debt (2011)Perfect Equilibrium in a Bargaining Model (1982)This Time is Different: A Panoramic View of Eight Centuries of Financial Crises (2008)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Defaultable debt, interest rates and the current account (2005)Default Risk and Income Fluctuations in Emerging Economies (2007)How Sovereign Is Sovereign Credit Risk? (2011)Contract enforceability and economic institutions in early trade: The Maghribi Traders' Coalition (1993)One reason countries pay their debts: renegotiation and international trade (2005)Default Risk and Income Fluctuations in Emerging Economies (2008)Informal insurance in social networks (2008)American Economic Review (2019)Credit Rationing in Markets with Imperfect Information (1981)Reputation and imperfect information (1982)Bank Runs, Deposit Insurance, and Liquidity (1983)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)The Economics of Development: A Survey (1989)The Economics and Law of Sovereign Debt and Default (2009)Haircuts: estimating investor losses in sovereign debt restructurings, 1998–2005A Markov Model for the Term Structure of Credit Risk Spreads (1997)Modeling Sovereign Yield Spreads: A Case Study of Russian Debt (2003)Debt Defaults and Lessons from a Decade of Crises (2007)Sovereign default risk premia, fiscal limits, and fiscal policy (2011)Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects (2013)Debt-Constrained Asset Markets (1993)A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk (2014)Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation? (2014)Default, Currency Crises, and Sovereign Credit Ratings (2002)Financial deregulation and total factor productivity change: An empirical study of Turkish commercial banks (2002)Maturity, Indebtedness, and Default Risk (2012)Employment, social justice and societal well‐being (2002)Which factors determine sovereign credit ratings? (2006)Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries (2007)The Washington Consensus Reconsidered (2008)Resetting the International Monetary (Non)System (2017)
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References

  • 1981Debt with Potential Repudiation: Theoretical and Empirical Analysis2,611 cited
  • 1988Sovereign Debt: Is To Forgive To Forget?1,030 cited
  • 1986A Constant Recontracting Model of Sovereign Debt1,001 cited
  • 1986The pure theory of country risk573 cited
  • 2000Sovereign Debt as Intertemporal Barter395 cited
  • 2000Emerging Financial Markets374 cited
  • 2005Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005268 cited
  • 1989How Sovereign Debt Has Worked228 cited
  • 1995Crisis? What Crisis?: Orderly Workouts for Sovereign Debtors211 cited
  • 1990Debt with potential repudiation210 cited
  • 2002A New Approach to Sovereign Debt Restructuring201 cited
  • 2002Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001184 cited
  • 1982Benefit-Cost Analysis of Government Programs160 cited
  • 1985Debt and Default in the 1930s: Causes and Consequences159 cited
  • 2008Sovereign defaults: Information, investment and credit155 cited
  • 2005Sovereign Debt Structure for Crisis Prevention153 cited

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  • 2006Sovereign Debt in the Americas: New Data and Stylized Facts54 cited
  • 2007Quantitative Models of Sovereign Default and the Threat of Financial Exclusion20 cited