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dc.contributor.authorStähler, Nikolaien
dc.date.accessioned2011-08-18-
dc.date.accessioned2011-08-30T12:53:56Z-
dc.date.available2011-08-30T12:53:56Z-
dc.date.issued2011-
dc.identifier.isbn978-3-86558-729-9en
dc.identifier.urihttp://hdl.handle.net/10419/48871-
dc.description.abstractThe current crisis and discussions, in the euro area in particular, show that sovereign debt crises/defaults are no longer restricted to developing economies. After crises in many Latin American countries, the literature on quantitative dynamic macro-models of sovereign default has been advancing. Current debate should take notice of the findings from this literature - an extensive overview of which has been provided in this paper. This paper also discusses the difficulties involved in, but also possibilities of, integrating this type of model in standard business cycle models (RBC and DSGE models). This is likely to be particularly helpful when using models to analyse upcoming issues in the euro area, such as a suitable (sovereign) insolvency law or the assumption of joint liability.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2011,17en
dc.subject.jelF34en
dc.subject.jelF41en
dc.subject.jelE21en
dc.subject.jelE32en
dc.subject.jelG10en
dc.subject.ddc330en
dc.subject.keywordSovereign Debten
dc.subject.keywordDefault Risken
dc.subject.keywordEndogenous Borrowing Constraintsen
dc.subject.keywordSmall Open Economyen
dc.subject.stwStaatsbankrotten
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwVerschuldungsrestriktionen
dc.subject.stwWirtschaftsmodellen
dc.subject.stwReal Business Cycleen
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwKleines-offenes-Landen
dc.subject.stwTheorieen
dc.titleRecent developments in quantitative models of sovereign default-
dc.typeWorking Paperen
dc.identifier.ppn666313210en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:201117en

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