Sudden stops, time inconsistency, and the duration of sovereign debt /
We study the sovereign debt duration chosen by the government in the context of a standard model of sovereign default. The government balances off increasing the duration of its debt to mitigate rollover risk and lowering duration to mitigate the debt dilution problem. We present two main results. F...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2013/174 |
| On-line přístup: | Full text available on IMF |