Why are episodes of sovereign default accompanied by deep recessions? The existing
literature cannot answer this question. On one hand, sovereign default models treat income …

What might happen if a third-party entity had the power to implement fiscal reforms and/or
punish sovereign debt defaulters? In contrast to recent history, extreme sanctions such as …

This paper studies the role of market-based solutions in the enforcement of sovereign debt
contracts. A simple theoretical framework implies that there is scope for bondholders' …

My interest in the contemporary ghetto began in the early 1990s as a community activist
observing the development of an urban Muslim aesthetic and culture amid a set of …

Sovereign debt crises in emerging markets are usually associated with liquidity and banking
crises within the economy. This connection is suggested by both anecdotical and empirical …

Este artigo tem como objectivo testar a estabilidade da dívida Portuguesa. Para isso, o
artigo é dividido em quatro partes, para além da introdução e da conclusão. A primeira parte …

This thesis is a collection of three of my papers during my Ph. D. studies. The goal of this
thesis is to improve our understanding on regional economics (the first and second …

The first chapter re-examines the relationship between trade and business cycle
synchronization using new value-added trade data for 63 advanced and emerging …