WebJuan Carlos Hatchondo Leonardo Martinez July 21, 2009 Working Paper No 08-02R Abstract Thispaperextendsthe baselineframework usedin recent quantitative studiesofsovereign default by assuming that the government can borrow using long-duration bonds. This con-trasts with previous studies, which assume the government can borrow … WebHatchondo is an economist with the Federal Reserve Bank of Richmond. Martinez is with the International Monetary Fund. For helpful comments, we thank Borys Grochulski, Andreas Hornstein, Nika Lazaryan, and Felipe Schwartzman. The views expressed herein are those of the authors and should not be attributed to the IMF, its Executive Board, or …
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WebFiscal Rules and the Sovereign Default Premium by Juan Carlos Hatchondo, Leonardo Martinez and Francisco Roch. Published in volume 14, issue 4, pages 244-73 of … WebHatchondo, Juan Carlos, “Asymmetric Information and the Lack of Portfolio Diversification”, Interna-tional Economic Review, vol 49(4), 2008: 1297-1330. (ii) Articles in Federal … hydrops cholecystitis
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WebMay 12, 2024 · Abstract. We study a model of equilibrium sovereign default in which the government issues cocos (contingent convertible bonds) that stipulate a suspension of debt payments when the government faces liquidity shocks in the form of an increase of the bondholders' risk aversion. We find that in spite of reducing the frequency of defaults ... WebJC Hatchondo, L Martinez, C Sosa-Padilla. Journal of Political Economy 124 (5), 1383-1422, 2016. 212: 2016: Quantitative properties of sovereign default models: solution methods matter. JC Hatchondo, L Martinez, H Sapriza. Review of Economic dynamics 13 (4), 919-933, 2010. 186: WebMay 12, 2024 · Abstract. We study a model of equilibrium sovereign default in which the government issues cocos (contingent convertible bonds) that stipulate a suspension of … hydrops congenitus