The Forgotten History of Domestic Debt
By Carmen M. Reinhart, Kenneth S. Rogoff. 2011
340 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/11de25977a477da91c144aaec9fa45e691b9aa9d
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Stefan Nagel
- Annette Vissing-Jorgensen
- Arvind Krishnamurthy
- Francis A. Longstaff
- Andrew Ang
- Christopher M. Meissner
- Mark L. J. Wright
- César Sosa‐Padilla
In Finance
- Stefan Nagel
- Arvind Krishnamurthy
- Annette Vissing-Jorgensen
- Francis A. Longstaff
- Andrew Ang
- Michael Tomz
- Mark L. J. Wright
- César Sosa‐Padilla
Citations in the corpus
- Empirical Research on Sovereign Debt and Default (2013, background): “Reinhart and Rogoff (2011) define domestic defaults to include government abrogation of debt contracts or inflation rates above 20%.”
- Sovereign defaults and banking crises (2018, background): “TD Y }{{} from Reinhart and Rogoff (2010) × DD TD }{{} from Reinhart and Rogoff (2011) = DD Y }{{} relevant debt ratio”
- From Financial Crash to Debt Crisis (2011, neutral): “21 See, for instance, the experiences of El Salvador and Ecuador, in which nearly all postcrisis debts were public.”
- Foreign currency debt, financial crises and economic growth: A long-run view (2010, background): “7 Reinhart and Rogoff (2008) have also improved the twentieth century data for domestic debt.”
- ECB Policies Involving Government Bond Purchases: Impact and Channels (2017, positive): “Reinhart and Rogoff (2011) show that in the post WWII period up to 2010 there is no clear pattern in terms of whether foreign debt or domestic debt holders do 5 See, for example, Feldhütter and Lando (2008) for a related approach.”
- Systemic Sovereign Credit Risk: Lessons from the U.S. and Europe (2013, background): “Several nations defaulted on debt raised to fight World War II, including Austria, which rendered many previous bond issues worthless in 1945, and Germany, which instituted a brutal currency reform in 1948 by introducing the Deutschmark and rendering most balances in the previous currency, the…”
- The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises (2016, neutral): “We should nonetheless stress that (29) does not rule out the existence of other equilibria which are not well-behaved, i.”