메뉴 건너뛰기




Volumn 77, Issue 4, 2009, Pages 1137-1164

Bubbles and self-enforcing debt

Author keywords

Rational bubbles; Risk sharing; Self enforcing debt; Sovereign debt

Indexed keywords


EID: 68349139367     PISSN: 00129682     EISSN: 14680262     Source Type: Journal    
DOI: 10.3982/ECTA6754     Document Type: Article
Times cited : (91)

References (35)
  • 2
    • 0001393537 scopus 로고    scopus 로고
    • Efficiency, Equilibrium, and Asset Pricing with Risk of Default
    • and
    • Alvarez, F., and U. Jermann (2000 Efficiency, Equilibrium, and Asset Pricing With Risk of Default Econometrica, 68, 775 797.
    • (2000) Econometrica , vol.68 , pp. 775-797
    • Alvarez, F.1    Jermann, U.2
  • 5
    • 0002937057 scopus 로고
    • The Optimum Quantity of Money
    • in. ed. by. J. H. Kareken. and. N. Wallace. Minneapolis. Federal Reserve Bank.
    • Bewley, T. (1980 The Optimum Quantity of Money in Models of Monetary Economies, ed. by J. H. Kareken and N. Wallace. Minneapolis : Federal Reserve Bank.
    • (1980) Models of Monetary Economies
    • Bewley, T.1
  • 7
    • 0002522316 scopus 로고
    • Sovereign Debt: Is to Forgive to Forget?
    • and. a
    • Bulow, J., and K. Rogoff (1989 a Sovereign Debt: Is to Forgive to Forget? American Economic Review, 79, 43 50.
    • (1989) American Economic Review , vol.79 , pp. 43-50
    • Bulow, J.1    Rogoff, K.2
  • 8
    • 0002522316 scopus 로고
    • A Constant Recontracting Model of Sovereign Debt
    • and. b
    • Bulow, J., and K. Rogoff (1989 b A Constant Recontracting Model of Sovereign Debt Journal of Political Economy, 79, 43 50.
    • (1989) Journal of Political Economy , vol.79 , pp. 43-50
    • Bulow, J.1    Rogoff, K.2
  • 9
    • 31344478175 scopus 로고    scopus 로고
    • Bubbles and Capital Flow Volatility: Causes and Risk Management
    • and
    • Caballero, R., and A. Krishnamurthy (2006 Bubbles and Capital Flow Volatility: Causes and Risk Management Journal of Monetary Economics, 53, 35 53.
    • (2006) Journal of Monetary Economics , vol.53 , pp. 35-53
    • Caballero, R.1    Krishnamurthy, A.2
  • 11
    • 0001246509 scopus 로고
    • Sustainable Plans and Mutual Default
    • and. a
    • Chari, V. V., and P. Kehoe (1993 a Sustainable Plans and Mutual Default Review of Economic Studies, 60, 175 195.
    • (1993) Review of Economic Studies , vol.60 , pp. 175-195
    • Chari, V.V.1    Kehoe, P.2
  • 13
    • 0010859622 scopus 로고
    • The Role of Institutions in Reputation Models of Sovereign Debt
    • and
    • Cole, H., and P. Kehoe (1995 The Role of Institutions in Reputation Models of Sovereign Debt Journal of Monetary Economics, 35, 45 64.
    • (1995) Journal of Monetary Economics , vol.35 , pp. 45-64
    • Cole, H.1    Kehoe, P.2
  • 14
    • 0006644138 scopus 로고    scopus 로고
    • Models of Sovereign Debt: Partial versus General Reputations
    • and
    • Cole, H., and P. Kehoe (1998 Models of Sovereign Debt: Partial versus General Reputations International Economic Review, 39, 55 70.
    • (1998) International Economic Review , vol.39 , pp. 55-70
    • Cole, H.1    Kehoe, P.2
  • 16
    • 84959777265 scopus 로고
    • Debt with Potential Repudiation - Theoretical and Empirical Analysis
    • and
    • Eaton, J., and M. Gersovitz (1981 Debt With Potential Repudiation - Theoretical and Empirical Analysis Review of Economic Studies, 48, 289 309.
    • (1981) Review of Economic Studies , vol.48 , pp. 289-309
    • Eaton, J.1    Gersovitz, M.2
  • 17
    • 0007737833 scopus 로고
    • After the Deluge: Default, Negotiation, and Readjustment during the Interwar Years
    • and. in. ed. by. B. Eichengreen. and. P. H. Lindert. Cambridge, MA. MIT Press.
    • Eichengreen, B., and R. Portes (1989 After the Deluge: Default, Negotiation, and Readjustment During the Interwar Years in The International Debt Crisis in Historical Perspective, ed. by B. Eichengreen and P. H. Lindert. Cambridge, MA : MIT Press.
    • (1989) The International Debt Crisis in Historical Perspective
    • Eichengreen, B.1    Portes, R.2
  • 18
    • 34548212594 scopus 로고    scopus 로고
    • From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege
    • and. in. ed. by. R. Clarida. Chicago. The University of Chicago Press.
    • Gourinchas, P., and H. Rey (2005 From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege in G7 Current Account Imbalances: Sustainability and Adjustment, ed. by R. Clarida. Chicago : The University of Chicago Press.
    • (2005) G7 Current Account Imbalances: Sustainability and Adjustment
    • Gourinchas, P.1    Rey, H.2
  • 19
    • 1642281792 scopus 로고    scopus 로고
    • Self-Control and the Theory of Consumption
    • and
    • Gul, F., and W. Pesendorfer (2004 Self-Control and the Theory of Consumption Econometrica, 72, 119 158.
    • (2004) Econometrica , vol.72 , pp. 119-158
    • Gul, F.1    Pesendorfer, W.2
  • 21
    • 33746189354 scopus 로고    scopus 로고
    • Private International Debt with Risk of Repudiation
    • Jeske, K. (2006 Private International Debt With Risk of Repudiation Journal of Political Economy, 114, 576 593.
    • (2006) Journal of Political Economy , vol.114 , pp. 576-593
    • Jeske, K.1
  • 22
    • 0036091163 scopus 로고    scopus 로고
    • International Business Cycles with Endogenous Incomplete Markets
    • and
    • Kehoe, P., and F. Perri (2002 International Business Cycles With Endogenous Incomplete Markets Econometrica, 70, 907 928.
    • (2002) Econometrica , vol.70 , pp. 907-928
    • Kehoe, P.1    Perri, F.2
  • 24
    • 0001599360 scopus 로고    scopus 로고
    • Sovereign Debt as Intertemporal Barter
    • and
    • Kletzer, K., and B. Wright (2000 Sovereign Debt as Intertemporal Barter American Economic Review, 90, 621 639.
    • (2000) American Economic Review , vol.90 , pp. 621-639
    • Kletzer, K.1    Wright, B.2
  • 26
    • 0000955266 scopus 로고
    • Bubbles and Constraints on Debt Accumulation
    • Kocherlakota, N. (1992 Bubbles and Constraints on Debt Accumulation Journal of Economic Theory, 57, 245 256.
    • (1992) Journal of Economic Theory , vol.57 , pp. 245-256
    • Kocherlakota, N.1
  • 27
    • 0001105480 scopus 로고    scopus 로고
    • Implications of Efficient Risk-Sharing Without Commitment
    • Kocherlakota, N. (1996 Implications of Efficient Risk-Sharing Without Commitment Review of Economic Studies, 63, 595 609.
    • (1996) Review of Economic Studies , vol.63 , pp. 595-609
    • Kocherlakota, N.1
  • 28
    • 33646702332 scopus 로고    scopus 로고
    • Does Income Inequality Lead to Consumption Inequality? Evidence and Theory
    • and
    • Krueger, D., and F. Perri (2006 Does Income Inequality Lead to Consumption Inequality? Evidence and Theory Review of Economic Studies, 73, 163 193.
    • (2006) Review of Economic Studies , vol.73 , pp. 163-193
    • Krueger, D.1    Perri, F.2
  • 29
    • 33749151586 scopus 로고    scopus 로고
    • Competitive Risk-Sharing Contracts with One-Sided Commitment
    • and
    • Krueger, D., and H. Uhlig (2006 Competitive Risk-Sharing Contracts With One-Sided Commitment Journal of Monetary Economics, 53, 1661 1691.
    • (2006) Journal of Monetary Economics , vol.53 , pp. 1661-1691
    • Krueger, D.1    Uhlig, H.2
  • 30
    • 0011912935 scopus 로고
    • How Sovereign Debt Has Worked
    • and. in. ed. by. J. D. Sachs. Chicago. University of Chicago Press
    • Lindert, P. H., and P. J. Morton (1989 How Sovereign Debt Has Worked in Developing Country Debt and Economic Performance, Vol. 1, ed. by J. D. Sachs. Chicago : University of Chicago Press, 39 106.
    • (1989) Developing Country Debt and Economic Performance , vol.1 , pp. 39-106
    • Lindert, P.H.1    Morton, P.J.2
  • 31
    • 0002190490 scopus 로고    scopus 로고
    • Rational Asset Pricing Bubbles
    • and
    • Santos, M., and M. Woodford (1997 Rational Asset Pricing Bubbles Econometrica, 65, 19 57.
    • (1997) Econometrica , vol.65 , pp. 19-57
    • Santos, M.1    Woodford, M.2
  • 32
    • 0002154338 scopus 로고
    • Borrowing Constraints and Aggregate Economic Activity
    • and
    • Scheinkman, J., and L. Weiss (1986 Borrowing Constraints and Aggregate Economic Activity Econometrica, 54, 23 46.
    • (1986) Econometrica , vol.54 , pp. 23-46
    • Scheinkman, J.1    Weiss, L.2
  • 33
    • 0001575872 scopus 로고
    • Asset Bubbles and Overlapping Generations
    • Tirole, J. (1985 Asset Bubbles and Overlapping Generations Econometrica, 53, 1499 1528.
    • (1985) Econometrica , vol.53 , pp. 1499-1528
    • Tirole, J.1
  • 34
    • 68349162558 scopus 로고    scopus 로고
    • Working Paper. CREI, Universitat Pompeu Fabra.
    • Ventura, J. (2004 Bubbles and Capital Flows Working Paper, CREI, Universitat Pompeu Fabra.
    • (2004) Bubbles and Capital Flows
    • Ventura, J.1
  • 35
    • 33646180463 scopus 로고    scopus 로고
    • Private Capital Flows, Capital Controls and Default Risk
    • Wright, M. (2006 Private Capital Flows, Capital Controls and Default Risk Journal of International Economics, 69, 120 149.
    • (2006) Journal of International Economics , vol.69 , pp. 120-149
    • Wright, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.