The economics of sovereign debt and default

An integrated approach to the economics of sovereign default. Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind s...

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Bibliographic Details
Main Author: Aguiar, Mark
Other Authors: Amador, Manuel (Manuel A.)
Format: eBook
Language:English
Published: Princeton, New Jersey Princeton University Press, [2021]
Series:CREI lectures in macroeconomics.
Subjects:
Online Access:EBSCOhost
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Table of Contents:
  • Frontmatter
  • CONTENTS
  • LIST OF FIGURES
  • LIST OF TABLES
  • ACKNOWLEDGMENTS
  • 1. Introduction
  • 2. Limited Commitment
  • 3. Growth under Limited Commitment
  • 4. Incomplete Markets
  • 5. The Standard One-Period Bond Model
  • 6. Self-Fulfilling Debt Crises
  • 7. Long-Term Bonds
  • 8. Conclusion
  • BIBLIOGRAPHY
  • INDEX
  • A NOTE ON THE TYPE