External and Public Debt Crises
Author
Abstract
Suggested Citation
Note: EFG IFM PE
Download full text from publisher
Other versions of this item:
- Cristina Arellano & Andrew Atkeson & Mark Wright, 2015. "External and Public Debt Crises," NBER Chapters,in: NBER Macroeconomics Annual 2015, Volume 30, pages 191-244 National Bureau of Economic Research, Inc.
- Cristina Arellano & Andrew Atkeson & Mark Wright, 2016. "External and Public Debt Crises," NBER Macroeconomics Annual, University of Chicago Press, vol. 30(1), pages 191-244.
- Arellano, Cristina & Atkeson, Andrew & Wright, Mark L. J., 2015. "External and Public Debt Crises," Working Paper Series WP-2015-5, Federal Reserve Bank of Chicago.
- Arellano, Cristina & Atkeson, Andrew & Wright, Mark L. J., 2015. "External and Public Debt Crises," Staff Report 515, Federal Reserve Bank of Minneapolis.
References listed on IDEAS
- John Joseph Wallis, 2000. "American Government Finance in the Long Run: 1790 to 1990," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 61-82, Winter.
- Philip R. Lane & Peter McQuade, 2014.
"Domestic Credit Growth and International Capital Flows,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 116(1), pages 218-252, January.
- Lane, Philip R. & McQuade, Peter, 2013. "Domestic credit growth and international capital flows," Working Paper Series 1566, European Central Bank.
- Philip Lane & Peter McQuade, 2013. "Domestic Credit Growth and International Capital Flows," The Institute for International Integration Studies Discussion Paper Series iiisdp428, IIIS.
- Arteta, Carlos & Hale, Galina, 2008.
"Sovereign debt crises and credit to the private sector,"
Journal of International Economics,
Elsevier, vol. 74(1), pages 53-69, January.
- Carlos O. Arteta & Galina Hale, 2006. "Sovereign debt crises and credit to the private sector," International Finance Discussion Papers 878, Board of Governors of the Federal Reserve System (U.S.).
- Carlos O. Arteta & Galina Hale, 2006. "Sovereign debt crises and credit to the private sector," Working Paper Series 2006-21, Federal Reserve Bank of San Francisco.
- Wright, Mark L.J., 2006.
"Private capital flows, capital controls, and default risk,"
Journal of International Economics,
Elsevier, vol. 69(1), pages 120-149, June.
- Mark L. J. Wright, 2004. "Private capital flows, capital controls, and default risk," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
- Mark L. J. Wright, 2004. "Private capital flows, capital controls, and default risk," Working Paper Series 2004-34, Federal Reserve Bank of San Francisco.
- Atish R. Ghosh & Jun I. Kim & Enrique G. Mendoza & Jonathan D. Ostry & Mahvash S. Qureshi, 2013.
"Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies,"
Economic Journal,
Royal Economic Society, vol. 0, pages 4-30, February.
- Atish R. Ghosh & Jun I. Kim & Enrique G. Mendoza & Jonathan D. Ostry & Mahvash S. Qureshi, 2011. "Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies," NBER Working Papers 16782, National Bureau of Economic Research, Inc.
- Jennie Bai & Shang-Jin Wei, 2012.
"When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads,"
NBER Working Papers
18600, National Bureau of Economic Research, Inc.
- Jennie Bai & Shang-Jin Wei, 2012. "When is there a strong transfer risk from the sovereigns to the corporates? Property rights gaps and CDS spreads," Staff Reports 579, Federal Reserve Bank of New York.
- Bai, Jennie & Wei, Shang-Jin, 2012. "When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads," CEPR Discussion Papers 9252, C.E.P.R. Discussion Papers.
- Henning Bohn, 1998. "The Behavior of U. S. Public Debt and Deficits," The Quarterly Journal of Economics, Oxford University Press, vol. 113(3), pages 949-963.
- Ignacio Presno & Demian Pouzo, 2014. "Optimal Taxation with Endogenous Default under Incomplete Markets," 2014 Meeting Papers 689, Society for Economic Dynamics.
- Jonathan Rodden & Erik Wibbels, 2010. "Fiscal Decentralization And The Business Cycle: An Empirical Study Of Seven Federations," Economics and Politics, Wiley Blackwell, vol. 22(1), pages 37-67, March.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2015.
"Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten,"
Journal of Banking and Financial Economics,
University of Warsaw, Faculty of Management, vol. 2(4), pages 5-17, June.
- Carmen Reinhart & Kenneth Rogoff, 2013. "Financial and Sovereign Debt Crises; Some Lessons Learned and Those Forgotten," IMF Working Papers 13/266, International Monetary Fund.
- Reinhart, Carmen M. & Rogoff, Kenneth, 2013. "Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten," CEPR Discussion Papers 9750, C.E.P.R. Discussion Papers.
- Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1994.
"Optimal Fiscal Policy in a Business Cycle Model,"
Journal of Political Economy,
University of Chicago Press, vol. 102(4), pages 617-652, August.
- V. V. Chari & Lawrence J. Christiano & Patrick J. Kehoe, 1993. "Optimal Fiscal Policy in a Business Cycle Model," NBER Working Papers 4490, National Bureau of Economic Research, Inc.
- V. V. Chari & Lawrence J. Christiano & Patrick J. Kehoe, 1993. "Optimal fiscal policy in a business cycle model," Staff Report 160, Federal Reserve Bank of Minneapolis.
- Farhi, Emmanuel & Tirole, Jean, 2015.
"Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops,"
CEPR Discussion Papers
11024, C.E.P.R. Discussion Papers.
- Emmanuel Farhi & Jean Tirole, 2017. "Deadly Embrace - Sovereign and Financial Balance Sheets Doom Loops," EconPol Working Paper 1, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Emmanuel Farhi & Jean Tirole, 2016. "Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops," Working Paper 164191, Harvard University OpenScholar.
- Emmanuel Farhi & Jean Tirole, 2016. "Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops," NBER Working Papers 21843, National Bureau of Economic Research, Inc.
- Joshua Aizenman & Gurnain Kaur Pasricha, 2010.
"On the ease of overstating the fiscal stimulus in the US, 2008-9,"
NBER Working Papers
15784, National Bureau of Economic Research, Inc.
- Aizenman, Joshua & Pasricha, Gurnain Kaur, 2010. "On the ease of overstating the fiscal stimulus in the US, 2008-9," Santa Cruz Department of Economics, Working Paper Series qt5rf688t2, Department of Economics, UC Santa Cruz.
- Aizenman, Joshua & Pasricha, Gurnain K., 2010. "On the ease of overstating the fiscal stimulus in the US, 2008-9 ," Santa Cruz Department of Economics, Working Paper Series qt3vr12659, Department of Economics, UC Santa Cruz.
- Klein, Christian & Stellner, Christoph, 2014. "Does sovereign risk matter? New evidence from eurozone corporate bond ratings and zero-volatility spreads," Review of Financial Economics, Elsevier, vol. 23(2), pages 64-74.
- Poterba, James M, 1994.
"State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics,"
Journal of Political Economy,
University of Chicago Press, vol. 102(4), pages 799-821, August.
- James M. Poterba, 1993. "State Responses to Fiscal Crisis: The Effects of Budgetary Institutionsand Politics," NBER Working Papers 4375, National Bureau of Economic Research, Inc.
- Borensztein, Eduardo & Cowan, Kevin & Valenzuela, Patricio, 2013.
"Sovereign ceilings “lite”? The impact of sovereign ratings on corporate ratings,"
Journal of Banking & Finance,
Elsevier, vol. 37(11), pages 4014-4024.
- Eduardo Borensztein & Kevin Cowan & Patricio Valenzuela, 2013. "Sovereign Ceilings “Lite”? The Impact of Sovereign Ratings on Corporate Ratings," Documentos de Trabajo 299, Centro de Economía Aplicada, Universidad de Chile.
- Borensztein, Eduardo & Cowan, Kevin & Valenzuela, Patricio, 2013. "Sovereign Ceilings "Lite"? The Impact of Sovereign Ratings on Corporate Ratings," Working Papers 13-11, University of Pennsylvania, Wharton School, Weiss Center.
- Simon Gilchrist & Benoît Mojon, 2014.
"Credit Risk in the Euro Area,"
NBER Working Papers
20041, National Bureau of Economic Research, Inc.
- Gilchrist, S. & Mojon, B., 2014. "Credit Risk in the Euro area," Working papers 482, Banque de France.
- Thomas J. Sargent, 2012. "Nobel Lecture: United States Then, Europe Now," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 1-40.
- Kim, Yun Jung & Zhang, Jing, 2012.
"Decentralized borrowing and centralized default,"
Journal of International Economics,
Elsevier, vol. 88(1), pages 121-133.
- Jing Zhang & Yun Jung Kim, 2010. "Decentralized Borrowing and Centralized Default," 2010 Meeting Papers 1288, Society for Economic Dynamics.
- Yun Jung Kim & Jing Zhang, 2010. "Decentralized Borrowing and Centralized Default," Working Papers 596, Research Seminar in International Economics, University of Michigan.
- Kehoe, Patrick J. & Perri, Fabrizio, 2004.
"Competitive equilibria with limited enforcement,"
Journal of Economic Theory,
Elsevier, vol. 119(1), pages 184-206, November.
- Patrick J. Kehoe & Fabrizio Perri, 2002. "Competitive equilibria with limited enforcement," Working Papers 621, Federal Reserve Bank of Minneapolis.
- Patrick J. Kehoe & Fabrizio Perri, 2003. "Competitive equilibria with limited enforcement," Staff Report 307, Federal Reserve Bank of Minneapolis.
- Patrick J. Kehoe & Fabrizio Perri, 2002. "Competitive Equilibria With Limited Enforcement," NBER Working Papers 9077, National Bureau of Economic Research, Inc.
- Robert Novy‐Marx & Joshua Rauh, 2011. "Public Pension Promises: How Big Are They and What Are They Worth?," Journal of Finance, American Finance Association, vol. 66(4), pages 1211-1249, August.
- Joshua Aizenman & Gunnar Gunnarsson, 2015.
"Fiscal Challenges in Multilayered Unions: An Overview and Case Study,"
Social Sciences,
MDPI, Open Access Journal, vol. 4(2), pages 1-20, May.
- Joshua Aizenman & Gunnar Gunnarsson, 2014. "Fiscal Challenges in Multilayered Unions: An Overview and Case Study," NBER Working Papers 20564, National Bureau of Economic Research, Inc.
- C. Randall HENNING & Martin KESSLER, 2012.
"Fiscal Federalism: US History for Architects of Europe’s Fiscal Union,"
Economic Policy,
Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 1-31.
- C. Randall Henning & Martin Kessler, 2012. "Fiscal Federalism: US History for Architects of Europe's Fiscal Union," Working Paper Series WP12-1, Peterson Institute for International Economics.
- C. Randall Henning & Martin Kessler, 2012. "Fiscal federalism: US history for architects of Europe's fiscal union," Essays and Lectures 669, Bruegel.
- Lucas, Robert Jr. & Stokey, Nancy L., 1983.
"Optimal fiscal and monetary policy in an economy without capital,"
Journal of Monetary Economics,
Elsevier, vol. 12(1), pages 55-93.
- Robert E. Lucas Jr. & Nancy L. Stokey, 1982. "Optimal Fiscal and Monetary Policy in an Economy Without Capital," Discussion Papers 532, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Poterba, James M. & Rueben, Kim S., 2001. "Fiscal News, State Budget Rules, and Tax-Exempt Bond Yields," Journal of Urban Economics, Elsevier, vol. 50(3), pages 537-562, November.
- Guillermo A. Calvo, 1998. "Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops," Journal of Applied Economics, Universidad del CEMA, vol. 1, pages 35-54, November.
- Silvia Merler & Jean Pisani-Ferry, 2012.
"Sudden Stops in the Euro Area,"
Review of Economics and Institutions,
Università di Perugia, vol. 3(3).
- Silvia Merler & Jean Pisani-Ferry, 2012. "Sudden stops in the euro area," Policy Contributions 718, Bruegel.
- Mark Hallerberg & Rolf Strauch, 2002. "On the Cyclicality of Public Finances in Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 29(3), pages 183-207, September.
- Bayoumi, Tamim & Goldstein, Morris & Woglom, Geoffrey, 1995. "Do Credit Markets Discipline Sovereign Borrowers? Evidence from the U.S. States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(4), pages 1046-1059, November.
- Luigi Bocola, 2016.
"The Pass-Through of Sovereign Risk,"
Journal of Political Economy,
University of Chicago Press, vol. 124(4), pages 879-926.
- Luigi Bocola, 2014. "The Pass-Through of Sovereign Risk," 2014 Meeting Papers 1286, Society for Economic Dynamics.
- Bocola, Luigi, 2015. "The Pass-Through of Sovereign Risk," Working Papers 722, Federal Reserve Bank of Minneapolis.
- Ang, Andrew & Longstaff, Francis A., 2013.
"Systemic sovereign credit risk: Lessons from the U.S. and Europe,"
Journal of Monetary Economics,
Elsevier, vol. 60(5), pages 493-510.
- Andrew Ang & Francis A. Longstaff, 2011. "Systemic Sovereign Credit Risk: Lessons from the U.S. and Europe," NBER Working Papers 16982, National Bureau of Economic Research, Inc.
- Das, Udaibir S. & Papaioannou, Michael G. & Trebesch, Christoph, .
"Sovereign Default Risk and Private Sector Access to Capital in Emerging Markets,"
Chapters in Economics,
University of Munich, Department of Economics.
- Udaibir S Das & Michael G. Papaioannou & Christoph Trebesch, 2010. "Sovereign Default Risk and Private Sector Access to Capital in Emerging Markets," IMF Working Papers 10/10, International Monetary Fund.
- Fischer, Stanley, 1980. "Dynamic inconsistency, cooperation and the benevolent dissembling government," Journal of Economic Dynamics and Control, Elsevier, vol. 2(1), pages 93-107, May.
- Bayoumi, Tamim & Goldstein, Morris & Woglom, Geoffrey, 1995. "Do Credit Markets Discipline Sovereign Borrowers? Evidence from US States," CEPR Discussion Papers 1088, C.E.P.R. Discussion Papers.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
- Robert C. Lowry, 2001. "A Visible Hand? Bond Markets, Political Parties, Balanced Budget Laws, and State Government Debt," Economics and Politics, Wiley Blackwell, vol. 13(1), pages 49-72, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Barry Eichengreen, 2015. "Deflation and Monetary Policy," Working Papers 2015-25, Economic Research Institute, Bank of Korea.
- Ernesto Longobardi & Antonio Pedone, 2016. "On some recent proposals of public debt restructuring in the Eurozone," SERIES 06-2016, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Sep 2016.
- Ricardo Reis, 2015.
"Comment on "External and Public Debt Crises","
NBER Chapters,in: NBER Macroeconomics Annual 2015, Volume 30, pages 245-256
National Bureau of Economic Research, Inc.
- Reis, Ricardo, 2016. "Comment on "external and public debt crises"," LSE Research Online Documents on Economics 65870, London School of Economics and Political Science, LSE Library.
- repec:agr:journl:v:4(605):y:2015:i:4(605):p:189-198 is not listed on IDEAS
- Walid BENAYED & Foued Badr GABSI & Samia OMRANE BELGUITH, 2015. "Threshold Effect of Public Debt on Domestic Investment: Evidence from Selected African Countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(605), W), pages 189-198, Winter.
- Qaiser Munir & Sook Ching Kok & Winnie Abdulnasir, 2016. "Public debt sustainability and economic growth in Malaysia: Threshold and causality analysis," Proceedings of International Academic Conferences 5306868, International Institute of Social and Economic Sciences.
- Phu Nguyen-Van & Florian Grosset & Roberto Martino, 2015. "Critères de convergence, déréglementation du marché du travail et performance économique des régions européennes," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 33(1), pages 3-6, December.
- Harinder S. Kohli (ed.), 2016. "The World in 2050: Striving for a More Just, Prosperous, and Harmonious Global Community," Books, Emerging Markets Forum, edition 1, number world2050, August.
More about this item
JEL classification:
- F3 - International Economics - - International Finance
- H7 - Public Economics - - State and Local Government; Intergovernmental Relations
- K1 - Law and Economics - - Basic Areas of Law
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:21456. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: () or (Joanne Lustig). General contact details of provider: http://edirc.repec.org/data/nberrus.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.