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This paper surveys the literature on sovereign debt from the perspective of understanding how sovereign debt differs from privately issue debt, and wh...
We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instr...
Written by a team of leading experts in the field, this volume presents a self-contained account of the theory, techniques and results in metric type ...
Sovereign debt crises coincide with deep recessions. I propose a model of sovereign debt that rationalizes large contractions in economic activity via...