Results overview: Found 3 records in 0.02 seconds.
Research literature, 3 records found
Research literature 3 records found  
1.
45 p, 963.0 KB The maturity structure of sovereign debts within a solidarity zone / Soyres, Constance de
This paper characterizes the optimal bailout maturity structure for a sovereign on the verge of a default. I find that buying back long-term debt is strictly optimal when it can prevent a default today and in the future. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 127)  
2.
54 p, 870.8 KB Self-fulfilling crises and country solidarity / Marin, Emile-Alexandre
Sovereign risk premia reflect investors' beliefs for the equilibrium and off -equilibrium actions of international agents. This paper investigates the international dimension of self-fulfilling sovereign debt crises and characterizes self-interested bailouts (solidarity) and contagion. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 136)  
3.
21 p, 274.8 KB A journey down the slippery slope to the European crisis : a theorist's guide / Chari, V. V. ; Dovis, Alessandro ; Kehoe, Patrick J.
We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 54)  

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