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49 p, 1.6 MB Debt sustainability and the terms of official support / Corsetti, Giancarlo ; Erce, Aitor ; Uy, Timothy
We study theoretically and quantitatively how official lending regimes affect a government's decision to raise saving as opposed to defaulting, and its implication for sovereign bond pricing by investors. [...]
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 ; 116)  
Registre complet - Creative Commons
2.
53 p, 2.9 MB Official sector lending strategies during the euro area crisis / Corsetti, Giancarlo ; Erce, Aitor ; Uy, Timothy
In response to the euro area crisis, European policymakers took a gradual, incremental approach to official lending, at first relying on the approach followed by the International Monetary Fund, then developing their own crisis resolution framework. [...]
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 ; 70)  
Registre complet - Creative Commons

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