Emerging markets have experienced large human and economic costs from coronavirus
disease 2019, and their tight fiscal space has limited the support extended to their citizens …

Sovereign debt crises involve debt restructurings characterized by a mix of face value
haircuts and maturity extensions. The prevalence of maturity extensions has been hard to …

We document that countries partially default often and with varying intensity, resulting in
lengthy episodes and hump-shaped patterns for partial default and debt. Default episodes …

This study surveys the theoretical literature on the optimal public debt composition during
sovereign debt crises. This survey is particularly relevant because sovereign debt crises …

This paper develops a New Keynesian model with sovereign default risk (NK-Default). We
focus on the interaction between monetary policy, conducted according to an interest rate …

I investigate how natural disasters can exacerbate fiscal vulnerabilities and trigger sovereign
defaults. I extend a standard sovereign default model to include disaster risk and calibrate it …

We study theoretically and quantitatively how official lending regimes affect a government's
decision to raise saving as opposed to defaulting, and its implication for sovereign bond …

This paper presents a panoramic overview of sovereign risk research. Based on 143 top
papers and 2343 mainstream papers retrieved, bibliometric analysis and content analysis …

Developing countries have recently proved reluctant to participate in sovereign debt
moratoria and debt relief initiatives. This paper argues that debtors'(non-) participation …

Taste shocks result in nondegenerate choice probabilities, smooth policy functions,
continuous demand correspondences, and reduced computational errors. They also cause …