Sovereign Debt as Intertemporal Barter [PDF]
Borrowing and lending between sovereign parties is modeled as intertemporal barter that smoothes the consumption of a risk-averse party subject to endowment shocks.
Kenneth M. Kletzer, Brian D. Wright
core
Reserve management and sovereign debt cost in a world with liquidity crises [PDF]
The accumulation of large amount of sovereign reserves has fuelled an intense debate on the associated costs. In a world with liquidity crises and strategic default, we model a contracting game between international lenders and a country, which delivers ...
Flavia Corneli, Emanuele Tarantino
core
Biodiversity loss will decrease the future creditworthiness of nations. [PDF]
Nat Ecol EvolAgarwala M +5 more
europepmc +1 more source
Do Major Financial Crises Provide Information on Sovereign Risk to the Rest of the World? A Look at Credit Default Swap Markets. [PDF]
The financial innovations of the late 1990s have led to the emergence of a significant number of new instruments, in particular in the market for hedging credit risk.
Gero Jung, Didier Cossin
core
Transfer-Entropy- and Hawkes-Process-Driven Dynamic Measurement of Cross-Border Financial Risk Contagion in Directed, Weighted Networks. [PDF]
Entropy (Basel)An L, Dai J.
europepmc +1 more source
Implied Default Probabilities and Default Recovery Ratios: An Analysis of Argentine Eurobonds 2000-2002 [PDF]
This paper calculates implied recovery rates and implied default probabilities in a risk neutral setting for Argentine US-Dollar Eurobonds during the Argentine crisis from 2000 to 2002.
Jochen R. Andritzky
core
High costs of capital shape the mitigation effects of renewable energy deployment globally. [PDF]
Nat CommunHatton L +4 more
europepmc +1 more source
Sovereign debt responses to the COVID-19 pandemic. [PDF]
J Int Econ, 2023 Zheng H.
europepmc +1 more source
Lending to an Insecure Sovereign [PDF]
This paper analyzes a reputational equilibrium for sovereign debt in a model in which the sovereign borrows to finance spending for defense against threats to its survival in power.
Herschel I. Grossman
core
How climate change shapes global systemic risk transmission: A complex network approach. [PDF]
PLoS OneZeng L, Lau WY.
europepmc +1 more source