Results 261 to 270 of about 15,112 (311)

Net Worth Poverty and Food Insecurity. [PDF]

open access: yesAm J Agric Econ
Keister LA   +3 more
europepmc   +1 more source

Sovereign Debt Without Default Penalties [PDF]

open access: possibleSSRN Electronic Journal, 2006
Summary: We develop a theory of sovereign borrowing where default penalties are not implementable. We show that when debt is held by both domestic and foreign agents, the median voter might have an interest in serving it. Our theory has important practical implications regarding (a) the role of financial intermediaries in sovereign lending, (b) the ...
Guembel, Alexander, Sussman, Oren
openaire   +6 more sources

Default and efficient debt markets

Journal of Mathematical Economics, 2002
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Dutta, Jayasri, Kapur, Sandeep
openaire   +1 more source

Debt Reduction Without Default?

SSRN Electronic Journal, 2011
This paper proposes a two-step, market-based approach to debt reduction: Step 1. The European Financial Stability Facility (EFSF) would offer holders of debt of the countries with an EFSF programme (probably Greece, Ireland and Portugal = GIP) an exchange into EFSF paper at the market price prior to their entry into an EFSF-funded programme.
Mayer, Thomas, Gros, Daniel
openaire   +1 more source

The Dubious Ethics of Debt Default

Public Finance Review, 2002
This article is an engagement with a piece of Buchanan’s on the ethics of debt default, in which Buchanan proved to be surprisingly sympathetic to debt default as an option. Debt default is a current period transfer from bondholders to taxpayers at large.
G. Brennan, EUSEPI, Giuseppe
openaire   +2 more sources

Credit Default Swaps and Debt Overhang

SSRN Electronic Journal, 2017
We analyze the impact of credit default swaps (CDSs) trading on firm investment, long-term debt financing, and valuation. In our model, the firm is endowed with a real option to initiate a project and enhance its future growth. Its creditors have access to CDS contracts that hedge them against default losses.
Tak-Yuen Wong, Jin Yu
openaire   +1 more source

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