Matches in SemOpenAlex for { <https://semopenalex.org/work/W35506308> ?p ?o ?g. }
- W35506308 abstract "This paper reconsiders the theory of sovereign debt, default and renegotiation in a setting that motivates conventional bond finance. A tax-smoothing model of government borrowing on international financial markets is used to analyze self-enforcing equilibrium in a private information economy. The main contribution of the model is to show how private debtor information can be used to motivate the implementation of borrowing through the issuance of conventional bonds that are renegotiated only in adverse states after debt has reached a sufficiently high level. The qualitative features of this equilibrium correspond favorably to the empirical experience of sovereign borrowing and default. The paper also considers the role of nominal public debt issues for achieving contingent repayments with unanticipated inflation. It shows that nominal public debt does not lead to unanticipated inflation outside adverse states with already high outstanding public debt." @default.
- W35506308 created "2016-06-24" @default.
- W35506308 creator A5047508022 @default.
- W35506308 date "2007-01-01" @default.
- W35506308 modified "2023-09-24" @default.
- W35506308 title "Sovereign Debt, Default and Renegotiation with Endogenous Financial Contracting" @default.
- W35506308 cites W1488276425 @default.
- W35506308 cites W1539581274 @default.
- W35506308 cites W1780438474 @default.
- W35506308 cites W1968615539 @default.
- W35506308 cites W1990717991 @default.
- W35506308 cites W2002659597 @default.
- W35506308 cites W2012413844 @default.
- W35506308 cites W2030243732 @default.
- W35506308 cites W2031158619 @default.
- W35506308 cites W2036230917 @default.
- W35506308 cites W2041175506 @default.
- W35506308 cites W2056393422 @default.
- W35506308 cites W2056964551 @default.
- W35506308 cites W2067561501 @default.
- W35506308 cites W2072695909 @default.
- W35506308 cites W2088133319 @default.
- W35506308 cites W2096218604 @default.
- W35506308 cites W2096756733 @default.
- W35506308 cites W2100037494 @default.
- W35506308 cites W2104937868 @default.
- W35506308 cites W2105348667 @default.
- W35506308 cites W2107258633 @default.
- W35506308 cites W2123200387 @default.
- W35506308 cites W2123222492 @default.
- W35506308 cites W2133804056 @default.
- W35506308 cites W2139518544 @default.
- W35506308 cites W2147560556 @default.
- W35506308 cites W2154338566 @default.
- W35506308 cites W2159556518 @default.
- W35506308 cites W2990140922 @default.
- W35506308 cites W3020908035 @default.
- W35506308 cites W3110636891 @default.
- W35506308 cites W3121524964 @default.
- W35506308 cites W3122572422 @default.
- W35506308 cites W3123131353 @default.
- W35506308 cites W3123330288 @default.
- W35506308 cites W3124143812 @default.
- W35506308 cites W3125133427 @default.
- W35506308 cites W3125643401 @default.
- W35506308 cites W3141427672 @default.
- W35506308 cites W604394249 @default.
- W35506308 hasPublicationYear "2007" @default.
- W35506308 type Work @default.
- W35506308 sameAs 35506308 @default.
- W35506308 citedByCount "0" @default.
- W35506308 crossrefType "journal-article" @default.
- W35506308 hasAuthorship W35506308A5047508022 @default.
- W35506308 hasConcept C10138342 @default.
- W35506308 hasConcept C106210156 @default.
- W35506308 hasConcept C120527767 @default.
- W35506308 hasConcept C121332964 @default.
- W35506308 hasConcept C159091798 @default.
- W35506308 hasConcept C162324750 @default.
- W35506308 hasConcept C17744445 @default.
- W35506308 hasConcept C186229450 @default.
- W35506308 hasConcept C199539241 @default.
- W35506308 hasConcept C200941418 @default.
- W35506308 hasConcept C202189257 @default.
- W35506308 hasConcept C22270272 @default.
- W35506308 hasConcept C2778782394 @default.
- W35506308 hasConcept C2780414751 @default.
- W35506308 hasConcept C2994482091 @default.
- W35506308 hasConcept C33332235 @default.
- W35506308 hasConcept C44171179 @default.
- W35506308 hasConcept C556758197 @default.
- W35506308 hasConcept C69637215 @default.
- W35506308 hasConcept C69738904 @default.
- W35506308 hasConcept C73283319 @default.
- W35506308 hasConcept C94625758 @default.
- W35506308 hasConceptScore W35506308C10138342 @default.
- W35506308 hasConceptScore W35506308C106210156 @default.
- W35506308 hasConceptScore W35506308C120527767 @default.
- W35506308 hasConceptScore W35506308C121332964 @default.
- W35506308 hasConceptScore W35506308C159091798 @default.
- W35506308 hasConceptScore W35506308C162324750 @default.
- W35506308 hasConceptScore W35506308C17744445 @default.
- W35506308 hasConceptScore W35506308C186229450 @default.
- W35506308 hasConceptScore W35506308C199539241 @default.
- W35506308 hasConceptScore W35506308C200941418 @default.
- W35506308 hasConceptScore W35506308C202189257 @default.
- W35506308 hasConceptScore W35506308C22270272 @default.
- W35506308 hasConceptScore W35506308C2778782394 @default.
- W35506308 hasConceptScore W35506308C2780414751 @default.
- W35506308 hasConceptScore W35506308C2994482091 @default.
- W35506308 hasConceptScore W35506308C33332235 @default.
- W35506308 hasConceptScore W35506308C44171179 @default.
- W35506308 hasConceptScore W35506308C556758197 @default.
- W35506308 hasConceptScore W35506308C69637215 @default.
- W35506308 hasConceptScore W35506308C69738904 @default.
- W35506308 hasConceptScore W35506308C73283319 @default.
- W35506308 hasConceptScore W35506308C94625758 @default.
- W35506308 hasLocation W355063081 @default.
- W35506308 hasOpenAccess W35506308 @default.
- W35506308 hasPrimaryLocation W355063081 @default.