Macroeconomic Effects of Sovereign Restructuring in a Monetary Union : A Model-based Approach /
We assess the macroeconomic effects of a sovereign restructuring in a small economy belonging to a monetary union by simulating a dynamic general equilibrium model. In line with the empirical evidence, we make the following three key assumptions. First, sovereign debt is held by domestic agents and...
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| Materialtyp: | Tidskrift |
| Språk: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2013/269 |
| Länkar: | Full text available on IMF |