HETEROGENEOUS BORROWERS IN QUANTITATIVE MODELS OF SOVEREIGN DEFAULT
β Scribed by Juan Carlos Hatchondo; Leonardo Martinez; Horacio Sapriza
- Book ID
- 111080977
- Publisher
- John Wiley and Sons
- Year
- 2009
- Tongue
- English
- Weight
- 232 KB
- Volume
- 50
- Category
- Article
- ISSN
- 0020-6598
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper presents a continuous-time stochastic model to study the timing decision of strategic default of sovereign debt. The debtor country precommits to an investment plan, finances part of it with a foreign loan, and maximizes the present value (PV) of utility from an infinite stream of consump
**Acclaimed investment experts Peter Treadway and Michael Wong explain how to protect your investments--and even profit--from the coming sovereign default crises** A major sovereign default crisis is looming for the so-called developed economies of the world. The result will be a major redistributi