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The Economics of Sovereign Debt and Default (CREI Lectures in Macroeconomics
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Condition:
“1st edition, 1st printing with complete number line. Hardcover with very good dust-jacket. Clean and ”... Read moreabout condition
Very Good
A book that has been read but is in excellent condition. No obvious damage to the cover, with the dust jacket included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear.
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Item specifics
- Condition
- Very Good
- Seller Notes
- Book Title
- The Economics of Sovereign Debt and Default (CREI Lectures in
- ISBN
- 9780691176819
About this product
Product Identifiers
Publisher
Oxford University Press, Incorporated
ISBN-10
0691176817
ISBN-13
9780691176819
eBay Product ID (ePID)
25050066342
Product Key Features
Number of Pages
200 Pages
Publication Name
Economics of Sovereign Debt and Default
Language
English
Publication Year
2021
Subject
Public Finance, Finance / General, Economics / Macroeconomics, Development / Economic Development
Type
Textbook
Subject Area
Business & Economics
Series
Crei Lectures in Macroeconomics Ser.
Format
Hardcover
Dimensions
Item Height
0.9 in
Item Weight
15.9 Oz
Item Length
9.5 in
Item Width
6.4 in
Additional Product Features
Intended Audience
College Audience
LCCN
2022-300680
TitleLeading
The
Dewey Edition
23
Series Volume Number
3
Illustrated
Yes
Dewey Decimal
336.3/435
Synopsis
An integrated approach to the economics of sovereign default Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind sovereign debt markets, shedding light on the frictions and inefficiencies that prevent the smooth functioning of these markets, and proposing sensible approaches to sovereign debt management. The Economics of Sovereign Debt and Default looks at the core friction unique to sovereign debt--the lack of strong legal enforcement--and goes on to examine additional frictions such as deadweight costs of default, vulnerability to runs, the incentive to "dilute" existing creditors, and sovereign debt's distortion of investment and growth. The book uses the tractable framework to isolate how each additional friction affects the equilibrium outcome, and illustrates its counterpart using state-of-the-art computational modeling. The novel approach presented here contrasts the outcome of a constrained efficient allocation--one chosen to maximize the joint surplus of creditors and government--with the competitive equilibrium outcome. This allows for a clear analysis of the extent to which equilibrium prices efficiently guide the government's debt and default decisions, and of what drives divergences with the efficient outcome. Providing an integrated approach to sovereign debt and default, this incisive and authoritative book is an ideal resource for researchers and graduate students interested in this important topic.
LC Classification Number
HJ8015
Item description from the seller
Seller feedback (2,549)
- 9***9 (72)- Feedback left by buyer.Past monthVerified purchaseBook in great shape. Fast shipping
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