Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100531
Authors: 
Ludwig, Maximilian
Year of Publication: 
2014
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Sovereign Debt F12-V1
Abstract: 
In recent years, the number of theoretical models on sovereign default exploded. I take a step back and investigate how good our current theoretical understanding of real world sovereign debt crisis really is. This is done by deriving implications that are hard wired into our models and comparing the evolution of nearly 20 sovereign debt crises in Latin America with them. I find that the available models capture aspects of virtually all crises, yet there are only a few crisis that are fully consistent with the available models.
JEL: 
E65
F34
H63
Document Type: 
Conference Paper

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