Do countries default in "bad times"?

Journal of the European Economic Association

Volumn 5, Issue 2-3, 2007, Pages 352-360

  Tomz, Michael ^a   Wright, Mark L J ^b,c  

^a STANFORD UNIVERSITY   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

^c FEDERAL RESERVE BANK OF MINNEAPOLIS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 36749012372     PISSN: 15424766     EISSN: 15424774     Source Type: Journal    
DOI: 10.1162/jeea.2007.5.2-3.352     Document Type: Conference Paper

References (14)

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2. Arellano, Cristina (2005). "Default Risk and Income Fluctuations in Emerging Economies." Working paper, Univeristy of Minnesota.
3. Backus, David K., and Patrick J. Kehoe (1992). "International Evidence on the Historical Properties of Business Cycles." American Economic Review, 82, 864-888.
4. Beers, David T., and John Chambers (2004). "Sovereign Defaults: Set to Fall Again in 2005." Standard & Poor's Ratings Direct, September 28.
5. Chuhan, Punam, and Federico Sturzenegger (2005). "Defaults Episodes in the 1980s and 1990s: What Have We Learned?" In Managing Economic Volatility and Crises, edited by Joshua Aizenman and Brian Pinto. Cambridge Univeristy Press.
6. Cooley, Thomas J., and Lee E. Ohanian (1991). "The Cyclical Behaviour of Prices." Journal of Monetary Economics, 28, 25-60.
7. Duggan, Catherine, and Michael Tomz (2006). "Sovereign Debt, Defaults and Settlements, 1820-1914." Working paper, Stanford University.
8. Eaton, Jonathan, and Mark Gersovitz (1981). "Debt with Potential Repudiation: Theoretical and Empirical Analysis." Review of Economic Studies, 48, 289-309.
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11. Suter, Christian (1990). Schuldenzyklen in der Dritten Welt. Anton Hain.
12. Tomz, Michael (in press). Sovereign Debt and International Cooperation. Princeton University Press.
13. Wright, Mark L. J. (2002). "Reputations and Sovereign Debt." Working paper, MIT.
14. Yue, Vivien (2006). "Sovereign Default and Debt Renegotiation." Working paper, New York University.