What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk

By Joshua Aizenman, Michael M. Hutchison. 2011

341 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/da4afed8a25d81703f9345cc8907931e483eabcd

Citations in the corpus

• Credit Default Swaps: A Survey (2014, neutral): “Aizenman et al. [2013] focus on the fiscal health of sovereigns and find that a rise of 1 percentage point in the debt-to-tax ratio increases 5-year CDS spreads by”
• Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing (2021, neutral): “Other work by Aizenman, Hutchison, and Jinjarak (2013), studying 60 economies, find evidence that credit default swap (CDS) spreads for euro area periphery countries were mispriced based on a set of macroeconomic fundamentals (see also Amato 2005; Packer and Zhu 2005; Cecchetti, Mohanty, and…”