Self-Fulfilling Debt Crises: A Quantitative Analysis
收藏NBER2016-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22694
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资源简介：
This paper uses the information contained in the joint dynamics of governments debt maturity choices and interest rate spreads to quantify the importance of self-fulfilling expectations in sovereign bond markets. We consider a model of sovereign borrowing featuring endogenous debt maturity, risk
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美国国家经济研究局创建时间：
2016-10-01
