Self-fulfilling crises with default and devaluation

DOI10.1007/S00199-012-0702-6zbMath1276.91079OpenAlexW2076557336MaRDI QIDQ361822

Francisco-Xavier Lores, Eduardo-Luis Giménez, José-María Da-Rocha

Publication date: 19 August 2013

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-012-0702-6

zbMATH Keywords

defaultdevaluationdynamic stochastic general equilibriumeconomic crisisgovernment debt policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55) Dynamic stochastic general equilibrium theory (91B51)

Related Items (2)

Savings and default ⋮ The productivity cost of sovereign default: evidence from the European debt crisis

Cites Work

• International trade and competitiveness
• Openness, managerial incentives, and heterogeneous firms
• Bankruptcy and firm finance
• Devaluation of fixed exchange rates: Optimal strategy in the presence of speculation
• Domestic financial market frictions, unrestricted international capital flows, and crises in small open economies
• Taxation without commitment
• Self-Fulfilling Debt Crises

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