scholarly journals Interest-Rate Setting at the ECB Following the Financial and Sovereign Debt Crises, in Real-Time

2011 ◽  
Vol 02 (05) ◽  
pp. 743-756 ◽  
Author(s):  
Florence Bouvet ◽  
Sharmila King
Keyword(s):  
Interest Rate ◽  
Real Time ◽  
Sovereign Debt ◽  
Debt Crises

scholarly journals Sovereign debt crises and cross-country assistance

2020 ◽  
Author(s):  
Christian Grisse ◽  
Gisle J Natvik
Keyword(s):  
Side Effects ◽  
Interest Rate ◽  
Public Debt ◽  
Sovereign Debt ◽  
Perfect Foresight ◽  
Adverse Side Effects ◽  
Incentive Compatible ◽  
Cross Country ◽  
Debt Crises

Abstract We provide a parsimonious framework to study the interplay between cross-country assistance and expectations-driven sovereign debt crises. Our framework extends the traditional single-country model of how multiple perfect-foresight equilibria are possible when a sovereign attempts to service public debt. The extension is that a self-interested ‘safe’ country may choose to assist a ‘risky’ country which is prone to default. Investors internalize the potential for assistance when lending to fragile countries. If the safe country cannot commit to fixed cross-country transfers or rule them out completely, assistance improves equilibrium outcomes only if the risky country is fundamentally insolvent in the sense that it cannot repay existing debt at the risk-free interest rate. If a default requires pessimistic expectations, an incentive-compatible (IC) assistance policy has adverse side effects.

scholarly journals Sovereign Debt Crises in Latin America: A Market Pressure Approach

2015 ◽  
Vol 51 (sup6) ◽  
pp. S80-S93
Author(s):  
Tjeerd M. Boonman ◽  
Jan P.A.M. Jacobs ◽  
Gerard H. Kuper
Keyword(s):  
Latin America ◽  
Sovereign Debt ◽  
Debt Crises ◽  
Market Pressure

Debt Crisis and Learning – Replying to Two Stimulating Reviews

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Juan Pablo Bohoslavsky ◽  
Kunibert Raffer
Keyword(s):  
Human Rights ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Equal Treatment ◽  
Human Rights Law ◽  
Policy Space ◽  
Debt Crises

AbstractThis piece tackles Barrio Arleo and Lienau’s comments on Sovereign Debt Crises: What Have We Learned? while tries to further develop some ideas and discussions proposed in the book. This piece deals with existing alternatives to overcome debt crises, the link between sovereign policy space and the principle of creditors’ equal treatment, who the target of the book is (and should be), whether “learning is enough”, and the potential policy and legal role of human rights law in debt restructurings.

scholarly journals Resolving sovereign debt crises: the role of political risk

2018 ◽  
Vol 71 (2) ◽  
pp. 421-444 ◽  
Author(s):  
Christoph Trebesch
Keyword(s):  
Sovereign Debt ◽  
Political Risk ◽  
Debt Crises
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