Sovereign Default, Interest Rates and Political Uncertainty in Emerging Markets

By G. Cuadra, Horacio Sapriza. 2008

290 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4724f2a694e9db259bb13d98100f89682ddca1eb

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Citations in the corpus

Debt Dilution and Sovereign Default Risk (2011, unknown): “083 Dias and Richmond (2009) Recovery rate of debt in default a .”
Default risk and income fluctuations in emerging economies (2008, background): “…and bailouts (Aguiar and Gopinath 2006), renegotiation with creditors (Yue 2006), default risk premium (Lizarazo 2006), political economy considerations (Cuadra and Sapriza 2006), risk sharing implications (Bai and Zhang 2005) and optimal maturity structure (Arellano and Ramanarayanan 2006).”
Heterogeneous Borrowers in Quantitative Models of Sovereign Default (2009, unknown): “This is not the case in the environments studied by Amador (2003) and Cuadra and Sapriza (2006a) .”
Fiscal Rules and the Sovereign Default Premium (2022, unknown): “This subsection shows that assuming shortsighted governments increases the gains to be had by introducing fiscal rules.”
Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing (2021, background): “The positive link between political instability and sovereign default has been widely researched (e.g., Clark 1997; Cuadra and Sapriza 2008).”
Growth in the Shadow of Expropriation (2011, background): “Cuadra and Sapriza (2008) study how political turnover affects default in an Eaton-Gersovitz model of sovereign debt.”
Quantitative Properties of Sovereign Default Models: Solution Methods Matter (2010, background): “See, for example, Cuadra et al. (forthcoming), Cuadra and Sapriza (2008), Hatchondo and Martinez (2009), and Hatchondo et al. (2007, 2009).”
Government Reputation and Debt Repayment in Emerging Economies (2008, unknown): “v i (b, y, s; φ) = u(y + φb) + βδiEy′|y [ πiVi(0, y ′, s′, In) + (1− πi)V−i(0, y′, s′, In) ] , (18)”
Long-Duration Bonds and Sovereign Defaults (Revised July 2009) (2009, unknown): “2See, for instance, Aguiar and Gopinath (2006), Arellano (2008), Arellano and Ramanarayanan (2008), Bai and Zhang (2006), Benjamin and Wright (2008), Cuadra and Sapriza (2006, 2008), D’Erasmo (2008), Eyigungor (2006), Hatchondo et al. (2006, 2007, 2009), Lizarazo (2005, 2006), Mendoza and Yue…”
Institutional Strategies in Emerging Markets (2015, background): “Peng, Wang, and Jiang (2008: 930), for example, argue that while research in developed economies indicate that some firms actively seek to shape the ‘rules of the game’ in their favor, such political strategies may be less effective in emerging economies, given their “generally nontransparent…”
Fiscal Policy and Default Risk in Emerging Markets (2009, background): “…on unsecured consumer default by Chatterjee et al. (2007), quantitative models on sovereign default by Aguiar and Gopinath (2006), Arellano (2008), Cuadra and Sapriza (2008), Hatchondo, Martinez and Sapriza (2008), Lizarazo (2006) and Yue (2007) among others, have analyzed different features of…”
Default risk and risk averse international investors (2013, background): “Equations (10),(13),(15),(16) and (17) make clear that for the case of an economy that cannot commit to repayment, when there exist levels of b′ in which the emerging economy finds it optimal to default in some states of the world, then the price of bonds depends not only on the emerging economy’s f”