Avoiding sovereign default contagion: A normative analysis

Should debtor countries support each other during sovereign debt crises? We answer this question through the lens of a two-country sovereign-default model that we calibrate to the euro-area periphery. First, we look at cross-country bailouts. We find that whenever agents anticipate them, bailouts in...

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Príomhchruthaitheoirí: De Ferra, S, Mallucci, E
Formáid: Journal article
Teanga:English
Foilsithe / Cruthaithe: Elsevier 2024

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