Buscar
Mostrando ítems 1-1 de 1
Default and interest rate shocks: Renegotiation matters
(Universidad Torcuato Di TellaRutgers University, Department of EconomicsUniversity of Minnesota, 2023)
We develop a sovereign default model with endogenous re-entry to financial markets via
debt renegotiation. We use this model to evaluate how shocks to risk-free interest rates trigger
default episodes through two channels: ...