% BibTeX file for Gabriel Mihalache's Sovereign Default Reading List
% Unique entries only (papers listed in multiple sections appear once).
% Keys are LastName(s)+Year. Generated from the reading-list webpage.

@article{EatonGersovitz1981,
  author = {Eaton, Jonathan and Gersovitz, Mark},
  title = {Debt with Potential Repudiation: Theoretical and Empirical Analysis},
  journal = {The Review of Economic Studies},
  volume = {48},
  number = {2},
  pages = {289},
  year = {1981},
  doi = {10.2307/2296886}
}

@article{BulowRogoffDornbusch1988,
  author = {Bulow, Jeremy and Rogoff, Kenneth and Dornbusch, Rudiger},
  title = {The Buyback Boondoggle},
  journal = {Brookings Papers on Economic Activity},
  volume = {1988},
  number = {2},
  pages = {675},
  year = {1988},
  doi = {10.2307/2534539}
}

@article{Calvo1988,
  author = {Calvo, Guillermo A.},
  title = {Servicing the Public Debt: The Role of Expectations},
  journal = {American Economic Review},
  volume = {78},
  number = {4},
  pages = {647--661},
  year = {1988},
  url = {https://www.jstor.org/stable/1811165}
}

@article{BulowRogoff1989,
  author = {Bulow, Jeremy and Rogoff, Kenneth},
  title = {Sovereign Debt: Is to Forgive to Forget?},
  journal = {American Economic Review},
  volume = {79},
  number = {1},
  pages = {43--50},
  year = {1989},
  url = {https://www.jstor.org/stable/1804772}
}

@article{BuchheitGulati2000,
  author = {Buchheit, Lee C. and Gulati, G. Mitu},
  title = {Exit Consents in Sovereign Bond Exchanges},
  journal = {UCLA Law Review},
  volume = {48},
  pages = {59--84},
  year = {2000}
}

@article{ColeKehoe2000,
  author = {Cole, Harold L. and Kehoe, Timothy},
  title = {Self-Fulfilling Debt Crises},
  journal = {Review of Economic Studies},
  volume = {67},
  number = {1},
  pages = {91--116},
  year = {2000},
  doi = {10.1111/1467-937x.00123}
}

@article{Angeletos2002,
  author = {Angeletos, G.-M.},
  title = {Fiscal Policy with Noncontingent Debt and the Optimal Maturity Structure},
  journal = {The Quarterly Journal of Economics},
  volume = {117},
  number = {3},
  pages = {1105--1131},
  year = {2002},
  doi = {10.1162/003355302760193977}
}

@article{RogoffZettelmeyer2002,
  author = {Rogoff, Kenneth and Zettelmeyer, Jeromin},
  title = {Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001},
  journal = {IMF Staff Papers},
  volume = {49},
  number = {3},
  pages = {470--507},
  year = {2002},
  doi = {10.2307/3872506}
}

@article{BuchheitPam2004,
  author = {Buchheit, Lee C. and Pam, Jeremiah S.},
  title = {The Pari Passu Clause in Sovereign Debt Instruments},
  journal = {Emory Law Journal},
  volume = {53},
  pages = {869--922},
  year = {2004}
}

@article{EichengreenMody2004,
  author = {Eichengreen, Barry and Mody, Ashoka},
  title = {Do Collective Action Clauses Raise Borrowing Costs?},
  journal = {The Economic Journal},
  volume = {114},
  number = {495},
  pages = {247--264},
  year = {2004},
  doi = {10.1111/j.0013-0133.2004.00199.x}
}

@article{NeumeyerPerri2005,
  author = {Neumeyer, Pablo A. and Perri, Fabrizio},
  title = {Business cycles in emerging economies: the role of interest rates},
  journal = {Journal of Monetary Economics},
  volume = {52},
  number = {2},
  pages = {345--380},
  year = {2005},
  doi = {10.1016/j.jmoneco.2004.04.011}
}

@article{AguiarGopinath2006,
  author = {Aguiar, Mark and Gopinath, Gita},
  title = {Defaultable debt, interest rates and the current account},
  journal = {Journal of International Economics},
  volume = {69},
  number = {1},
  pages = {64--83},
  year = {2006},
  doi = {10.1016/j.jinteco.2005.05.005}
}

@book{SturzeneggerZettelmeyer2006,
  author = {Sturzenegger, Federico and Zettelmeyer, Jeromin},
  title = {Debt Defaults and Lessons from a Decade of Crises},
  publisher = {MIT Press},
  year = {2006},
  url = {https://mitpress.mit.edu/9780262195539/debt-defaults-and-lessons-from-a-decade-of-crises/}
}

@article{TomzWright2007,
  author = {Tomz, Michael and Wright, Mark L. J.},
  title = {Do Countries Default in ``Bad times''?},
  journal = {Journal of the European Economic Association},
  volume = {5},
  number = {2-3},
  pages = {352--360},
  year = {2007},
  doi = {10.1162/jeea.2007.5.2-3.352}
}

@article{Arellano2008,
  author = {Arellano, Cristina},
  title = {Default Risk and Income Fluctuations in Emerging Economies},
  journal = {American Economic Review},
  volume = {98},
  number = {3},
  pages = {690--712},
  year = {2008},
  doi = {10.1257/aer.98.3.690}
}

@article{CuadraSapriza2008,
  author = {Cuadra, Gabriel and Sapriza, Horacio},
  title = {Sovereign default, interest rates and political uncertainty in emerging markets},
  journal = {Journal of International Economics},
  volume = {76},
  number = {1},
  pages = {78--88},
  year = {2008},
  doi = {10.1016/j.jinteco.2008.05.001}
}

@article{AlfaroKanczuk2009,
  author = {Alfaro, Laura and Kanczuk, Fabio},
  title = {Optimal reserve management and sovereign debt},
  journal = {Journal of International Economics},
  volume = {77},
  number = {1},
  pages = {23--36},
  year = {2009},
  doi = {10.1016/j.jinteco.2008.09.005}
}

@article{HatchondoMartinez2009,
  author = {Hatchondo, Juan Carlos and Martinez, Leonardo},
  title = {Long-duration bonds and sovereign defaults},
  journal = {Journal of International Economics},
  volume = {79},
  number = {1},
  pages = {117--125},
  year = {2009},
  doi = {10.1016/j.jinteco.2009.07.002}
}

@article{HatchondoMartinezSapriza2009,
  author = {Hatchondo, Juan Carlos and Martinez, Leonardo and Sapriza, Horacio},
  title = {HETEROGENEOUS BORROWERS IN QUANTITATIVE MODELS OF SOVEREIGN DEFAULT*},
  journal = {International Economic Review},
  volume = {50},
  number = {4},
  pages = {1129--1151},
  year = {2009},
  doi = {10.1111/j.1468-2354.2009.00562.x}
}

@article{PanizzaSturzeneggerZettelmeyer2009,
  author = {Panizza, Ugo and Sturzenegger, Federico and Zettelmeyer, Jeromin},
  title = {The Economics and Law of Sovereign Debt and Default},
  journal = {Journal of Economic Literature},
  volume = {47},
  number = {3},
  pages = {651--698},
  year = {2009},
  doi = {10.1257/jel.47.3.651}
}

@article{BronerMartinVentura2010,
  author = {Broner, Fernando and Martin, Alberto and Ventura, Jaume},
  title = {Sovereign Risk and Secondary Markets},
  journal = {American Economic Review},
  volume = {100},
  number = {4},
  pages = {1523--1555},
  year = {2010},
  doi = {10.1257/aer.100.4.1523}
}

@article{CuadraSanchezSapriza2010,
  author = {Cuadra, Gabriel and Sanchez, Juan M. and Sapriza, Horacio},
  title = {Fiscal policy and default risk in emerging markets},
  journal = {Review of Economic Dynamics},
  volume = {13},
  number = {2},
  pages = {452--469},
  year = {2010},
  doi = {10.1016/j.red.2009.07.002}
}

@article{HatchondoMartinezSapriza2010,
  author = {Hatchondo, Juan Carlos and Martinez, Leonardo and Sapriza, Horacio},
  title = {Quantitative properties of sovereign default models: Solution methods matter},
  journal = {Review of Economic Dynamics},
  volume = {13},
  number = {4},
  pages = {919--933},
  year = {2010},
  doi = {10.1016/j.red.2010.03.001}
}

@article{Yue2010,
  author = {Yue, Vivian Z.},
  title = {Sovereign default and debt renegotiation},
  journal = {Journal of International Economics},
  volume = {80},
  number = {2},
  pages = {176--187},
  year = {2010},
  doi = {10.1016/j.jinteco.2009.11.004}
}

@unpublished{BorriVerdelhan2011,
  author = {Borri, Nicola and Verdelhan, Adrien},
  title = {Sovereign Risk Premia},
  note = {Working paper},
  year = {2011}
}

@article{GelosSahaySandleris2011,
  author = {Gelos, R. Gaston and Sahay, Ratna and Sandleris, Guido},
  title = {Sovereign borrowing by developing countries: What determines market access?},
  journal = {Journal of International Economics},
  volume = {83},
  number = {2},
  pages = {243--254},
  year = {2011},
  doi = {10.1016/j.jinteco.2010.11.007}
}

@article{LongstaffEtAl2011,
  author = {Longstaff, Francis A and Pan, Jun and Pedersen, Lasse H and Singleton, Kenneth J},
  title = {How Sovereign Is Sovereign Credit Risk?},
  journal = {American Economic Journal: Macroeconomics},
  volume = {3},
  number = {2},
  pages = {75--103},
  year = {2011},
  doi = {10.1257/mac.3.2.75}
}

@article{ArellanoRamanarayanan2012,
  author = {Arellano, Cristina and Ramanarayanan, Ananth},
  title = {Default and the Maturity Structure in Sovereign Bonds},
  journal = {Journal of Political Economy},
  volume = {120},
  number = {2},
  pages = {187--232},
  year = {2012},
  doi = {10.1086/666589}
}

@article{ChatterjeeEyigungor2012,
  author = {Chatterjee, Satyajit and Eyigungor, Burcu},
  title = {Maturity, Indebtedness, and Default Risk},
  journal = {American Economic Review},
  volume = {102},
  number = {6},
  pages = {2674--2699},
  year = {2012},
  doi = {10.1257/aer.102.6.2674}
}

@article{MendozaYue2012,
  author = {Mendoza, E. G. and Yue, V. Z.},
  title = {A General Equilibrium Model of Sovereign Default and Business Cycles},
  journal = {The Quarterly Journal of Economics},
  volume = {127},
  number = {2},
  pages = {889--946},
  year = {2012},
  doi = {10.1093/qje/qjs009}
}

@article{PitchfordWright2012,
  author = {Pitchford, R. and Wright, M. L. J.},
  title = {Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment},
  journal = {The Review of Economic Studies},
  volume = {79},
  number = {2},
  pages = {812--837},
  year = {2012},
  doi = {10.1093/restud/rdr038}
}

@article{CrucesTrebesch2013,
  author = {Cruces, Juan J and Trebesch, Christoph},
  title = {Sovereign Defaults: The Price of Haircuts},
  journal = {American Economic Journal: Macroeconomics},
  volume = {5},
  number = {3},
  pages = {85--117},
  year = {2013},
  doi = {10.1257/mac.5.3.85}
}

@book{GulatiScott2013,
  author = {Gulati, M. and Scott, R. E},
  title = {The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design},
  publisher = {University of Chicago Press},
  year = {2013},
  url = {https://press.uchicago.edu/ucp/books/book/chicago/T/bo14365292.html}
}

@article{Lizarazo2013,
  author = {Lizarazo, Sandra Valentina},
  title = {Default risk and risk averse international investors},
  journal = {Journal of International Economics},
  volume = {89},
  number = {2},
  pages = {317--330},
  year = {2013},
  doi = {10.1016/j.jinteco.2012.08.006}
}

@article{TomzWright2013,
  author = {Tomz, Michael and Wright, Mark L.J.},
  title = {Empirical Research on Sovereign Debt and Default},
  journal = {Annual Review of Economics},
  volume = {5},
  number = {1},
  pages = {247--272},
  year = {2013},
  doi = {10.1146/annurev-economics-061109-080443}
}

@article{AlfaroKalemliOzcanVolosovych2014,
  author = {Alfaro, Laura and Kalemli-Ozcan, Sebnem and Volosovych, Vadym},
  title = {SOVEREIGNS, UPSTREAM CAPITAL FLOWS, AND GLOBAL IMBALANCES},
  journal = {Journal of the European Economic Association},
  volume = {12},
  number = {5},
  pages = {1240--1284},
  year = {2014},
  doi = {10.1111/jeea.12106}
}

@unpublished{ArslanalpTsuda2014,
  author = {Arslanalp, Serkan and Tsuda, Takahiro},
  title = {Tracking global demand for emerging market sovereign debt},
  note = {Working paper},
  year = {2014}
}

@article{GennaioliMartinRossi2014,
  author = {Gennaioli, Nicola and Martin, Alberto and Rossi, Stefano},
  title = {Sovereign Default, Domestic Banks, and Financial Institutions},
  journal = {The Journal of Finance},
  volume = {69},
  number = {2},
  pages = {819--866},
  year = {2014},
  doi = {10.1111/jofi.12124}
}

@article{HatchondoMartinezSosaPadilla2014,
  author = {Hatchondo, Juan Carlos and Martinez, Leonardo and Sosa Padilla, C{\'e}sar},
  title = {Voluntary sovereign debt exchanges},
  journal = {Journal of Monetary Economics},
  volume = {61},
  pages = {32--50},
  year = {2014},
  doi = {10.1016/j.jmoneco.2013.11.002}
}

@incollection{AguiarEtAl2016,
  author = {Aguiar, Mark and Chatterjee, Satyajit and Cole, Harold and Stangebye, Zachary},
  title = {Quantitative Models of Sovereign Debt Crises},
  booktitle = {Handbook of Macroeconomics},
  publisher = {Elsevier},
  pages = {1697--1755},
  year = {2016},
  doi = {10.1016/bs.hesmac.2016.04.005}
}

@article{AsonumaTrebesch2016,
  author = {Asonuma, Tamon and Trebesch, Christoph},
  title = {Sovereign Debt Restructurings: Preemptive or Post-Default},
  journal = {Journal of the European Economic Association},
  volume = {14},
  number = {1},
  pages = {175--214},
  year = {2016},
  doi = {10.1111/jeea.12156}
}

@article{AuclertRognlie2016,
  author = {Auclert, Adrien and Rognlie, Matthew},
  title = {Unique equilibrium in the Eaton--Gersovitz model of sovereign debt},
  journal = {Journal of Monetary Economics},
  volume = {84},
  pages = {134--146},
  year = {2016},
  doi = {10.1016/j.jmoneco.2016.10.013}
}

@article{Bocola2016,
  author = {Bocola, Luigi},
  title = {The Pass-Through of Sovereign Risk},
  journal = {Journal of Political Economy},
  volume = {124},
  number = {4},
  pages = {879--926},
  year = {2016},
  doi = {10.1086/686734}
}

@article{BrunnermeierEtAl2016,
  author = {Brunnermeier, Markus K. and Garicano, Luis and Lane, Philip R. and Pagano, Marco and Reis, Ricardo and Santos, Tano and Thesmar, David and Van Nieuwerburgh, Stijn and Vayanos, Dimitri},
  title = {The Sovereign-Bank Diabolic Loop and ESBies},
  journal = {American Economic Review},
  volume = {106},
  number = {5},
  pages = {508--512},
  year = {2016},
  doi = {10.1257/aer.p20161107}
}

@article{CorsettiDedola2016,
  author = {Corsetti, Giancarlo and Dedola, Luca},
  title = {THE MYSTERY OF THE PRINTING PRESS: MONETARY POLICY AND SELF-FULFILLING DEBT CRISES},
  journal = {Journal of the European Economic Association},
  volume = {14},
  number = {6},
  pages = {1329--1371},
  year = {2016},
  doi = {10.1111/jeea.12184}
}

@article{DErasmoMendoza2016,
  author = {D'Erasmo, Pablo and Mendoza, Enrique G.},
  title = {DISTRIBUTIONAL INCENTIVES IN AN EQUILIBRIUM MODEL OF DOMESTIC SOVEREIGN DEFAULT},
  journal = {Journal of the European Economic Association},
  volume = {14},
  number = {1},
  pages = {7--44},
  year = {2016},
  doi = {10.1111/jeea.12168}
}

@article{DuSchreger2016,
  author = {DU, WENXIN and SCHREGER, JESSE},
  title = {Local Currency Sovereign Risk},
  journal = {The Journal of Finance},
  volume = {71},
  number = {3},
  pages = {1027--1070},
  year = {2016},
  doi = {10.1111/jofi.12389}
}

@article{HatchondoMartinezSosaPadilla2016,
  author = {Hatchondo, Juan Carlos and Martinez, Leonardo and Sosa-Padilla, C{\'e}sar},
  title = {Debt Dilution and Sovereign Default Risk},
  journal = {Journal of Political Economy},
  volume = {124},
  number = {5},
  pages = {1383--1422},
  year = {2016},
  doi = {10.1086/688081}
}

@article{PouzoPresno2016,
  author = {Pouzo, Demian and Presno, Ignacio},
  title = {Sovereign Default Risk and Uncertainty Premia},
  journal = {American Economic Journal: Macroeconomics},
  volume = {8},
  number = {3},
  pages = {230--266},
  year = {2016},
  doi = {10.1257/mac.20140337}
}

@article{ReinhartTrebesch2016,
  author = {Reinhart, Carmen M. and Trebesch, Christoph},
  title = {SOVEREIGN DEBT RELIEF AND ITS AFTERMATH},
  journal = {Journal of the European Economic Association},
  volume = {14},
  number = {1},
  pages = {215--251},
  year = {2016},
  doi = {10.1111/jeea.12166}
}

@article{Sobel2016,
  author = {Sobel, Mark},
  title = {Strengthening collective action clauses: catalysing change---the back story},
  journal = {Capital Markets Law Journal},
  pages = {kmv060},
  year = {2016},
  doi = {10.1093/cmlj/kmv060}
}

@article{AdamGrill2017,
  author = {Adam, Klaus and Grill, Michael},
  title = {Optimal Sovereign Default},
  journal = {American Economic Journal: Macroeconomics},
  volume = {9},
  number = {1},
  pages = {128--164},
  year = {2017},
  doi = {10.1257/mac.20140093}
}

@article{ArellanoBai2017,
  author = {Arellano, Cristina and Bai, Yan},
  title = {Fiscal austerity during debt crises},
  journal = {Economic Theory},
  volume = {64},
  number = {4},
  pages = {657--673},
  year = {2017},
  doi = {10.1007/s00199-016-1008-x}
}

@unpublished{ArellanoBaiLizarazo2017,
  author = {Arellano, Cristina and Bai, Yan and Lizarazo, Sandra},
  title = {Sovereign Risk Contagion},
  note = {Working paper},
  year = {2017}
}

@article{BhandariEtAl2017,
  author = {Bhandari, Anmol and Evans, David and Golosov, Mikhail and Sargent, Thomas J.},
  title = {Fiscal Policy and Debt Management with Incomplete Markets*},
  journal = {The Quarterly Journal of Economics},
  volume = {132},
  number = {2},
  pages = {617--663},
  year = {2017},
  doi = {10.1093/qje/qjw041}
}

@article{ConesaKehoe2017,
  author = {Conesa, Juan Carlos and Kehoe, Timothy J.},
  title = {Gambling for redemption and self-fulfilling debt crises},
  journal = {Economic Theory},
  volume = {64},
  number = {4},
  pages = {707--740},
  year = {2017},
  doi = {10.1007/s00199-017-1085-5}
}

@article{deCordobaPujolasTorres2017,
  author = {de-C{\'o}rdoba, Gonzalo F. and Pujolas, Pau S. and Torres, Jos{\'e} L.},
  title = {Fiscal discipline and defaults},
  journal = {Review of Economic Dynamics},
  volume = {24},
  pages = {1--13},
  year = {2017},
  doi = {10.1016/j.red.2016.12.001}
}

@article{HebertSchreger2017,
  author = {H{\'e}bert, Benjamin and Schreger, Jesse},
  title = {The Costs of Sovereign Default: Evidence from Argentina},
  journal = {American Economic Review},
  volume = {107},
  number = {10},
  pages = {3119--3145},
  year = {2017},
  doi = {10.1257/aer.20151667}
}

@article{Park2017,
  author = {Park, JungJae},
  title = {Sovereign default and capital accumulation},
  journal = {Journal of International Economics},
  volume = {106},
  pages = {119--133},
  year = {2017},
  doi = {10.1016/j.jinteco.2017.02.004}
}

@article{Scholl2017,
  author = {Scholl, Almuth},
  title = {The dynamics of sovereign default risk and political turnover},
  journal = {Journal of International Economics},
  volume = {108},
  pages = {37--53},
  year = {2017},
  doi = {10.1016/j.jinteco.2017.05.002}
}

@unpublished{Tourre2017,
  author = {Tourre, Fabrice},
  title = {A Macro-Finance Approach to Sovereign Debt Spreads and Returns},
  note = {Working paper},
  year = {2017}
}

@article{AndradeChhaochharia2018,
  author = {Andrade, Sandro C. and Chhaochharia, Vidhi},
  title = {The Costs of Sovereign Default: Evidence from the Stock Market},
  journal = {The Review of Financial Studies},
  volume = {31},
  number = {5},
  pages = {1707--1751},
  year = {2018},
  doi = {10.1093/rfs/hhx136}
}

@article{ArellanoBaiMihalache2018,
  author = {Arellano, Cristina and Bai, Yan and Mihalache, Gabriel},
  title = {Default risk, sectoral reallocation, and persistent recessions},
  journal = {Journal of International Economics},
  volume = {112},
  pages = {182--199},
  year = {2018},
  doi = {10.1016/j.jinteco.2018.01.004}
}

@article{AyresEtAl2018,
  author = {Ayres, Jo{\~a}o and Navarro, Gaston and Nicolini, Juan Pablo and Teles, Pedro},
  title = {Sovereign default: The role of expectations},
  journal = {Journal of Economic Theory},
  volume = {175},
  pages = {803--812},
  year = {2018},
  doi = {10.1016/j.jet.2018.02.006}
}

@article{BacchettaPerazzivanWincoop2018,
  author = {Bacchetta, Philippe and Perazzi, Elena and van Wincoop, Eric},
  title = {Self-fulfilling debt crises: What can monetary policy do?},
  journal = {Journal of International Economics},
  volume = {110},
  pages = {119--134},
  year = {2018},
  doi = {10.1016/j.jinteco.2017.11.004}
}

@article{BianchiHatchondoMartinez2018,
  author = {Bianchi, Javier and Hatchondo, Juan Carlos and Martinez, Leonardo},
  title = {International Reserves and Rollover Risk},
  journal = {American Economic Review},
  volume = {108},
  number = {9},
  pages = {2629--2670},
  year = {2018},
  doi = {10.1257/aer.20140443}
}

@article{ChamonSchumacherTrebesch2018,
  author = {Chamon, Marcos and Schumacher, Julian and Trebesch, Christoph},
  title = {Foreign-law bonds: Can they reduce sovereign borrowing costs?},
  journal = {Journal of International Economics},
  volume = {114},
  pages = {164--179},
  year = {2018},
  doi = {10.1016/j.jinteco.2018.06.004}
}

@article{Dovis2018,
  author = {Dovis, Alessandro},
  title = {Efficient Sovereign Default},
  journal = {The Review of Economic Studies},
  year = {2018},
  doi = {10.1093/restud/rdy012}
}

@article{GordonGuerronQuintana2018,
  author = {Gordon, Grey and Guerron-Quintana, Pablo A.},
  title = {Dynamics of investment, debt, and default},
  journal = {Review of Economic Dynamics},
  volume = {28},
  pages = {71--95},
  year = {2018},
  doi = {10.1016/j.red.2017.07.007}
}

@article{JeonKabukcuoglu2018,
  author = {Jeon, Kiyoung and Kabukcuoglu, Zeynep},
  title = {Income inequality and sovereign default},
  journal = {Journal of Economic Dynamics and Control},
  volume = {95},
  pages = {211--232},
  year = {2018},
  doi = {10.1016/j.jedc.2018.08.008}
}

@article{NaEtAl2018,
  author = {Na, Seunghoon and Schmitt-Groh{\'e}, Stephanie and Uribe, Mart{\'i}n and Yue, Vivian},
  title = {The Twin Ds: Optimal Default and Devaluation},
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  volume = {108},
  number = {7},
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  year = {2018},
  doi = {10.1257/aer.20141558}
}

@unpublished{PerriHurKondo2018,
  author = {Perri, Fabrizio and Hur, Sewon and Kondo, Illenin O.},
  title = {Real Interest Rates, Inflation, and Default},
  note = {Working paper},
  year = {2018}
}

@article{SosaPadilla2018,
  author = {Sosa-Padilla, C{\'e}sar},
  title = {Sovereign defaults and banking crises},
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  year = {2018},
  doi = {10.1016/j.jmoneco.2018.07.004}
}

@article{SanchezSaprizaYurdagul2018,
  author = {S{\'a}nchez, Juan M. and Sapriza, Horacio and Yurdagul, Emircan},
  title = {Sovereign default and maturity choice},
  journal = {Journal of Monetary Economics},
  volume = {95},
  pages = {72--85},
  year = {2018},
  doi = {10.1016/j.jmoneco.2018.01.001}
}

@article{AguiarAmador2019,
  author = {Aguiar, Mark and Amador, Manuel},
  title = {A contraction for sovereign debt models},
  journal = {Journal of Economic Theory},
  volume = {183},
  pages = {842--875},
  year = {2019},
  doi = {10.1016/j.jet.2019.08.005}
}

@article{AguiarEtAl2019,
  author = {Aguiar, Mark and Amador, Manuel and Hopenhayn, Hugo and Werning, Iv{\'a}n},
  title = {Take the Short Route: Equilibrium Default and Debt Maturity},
  journal = {Econometrica},
  volume = {87},
  number = {2},
  pages = {423--462},
  year = {2019},
  doi = {10.3982/ecta14806}
}

@article{BassettoGalli2019,
  author = {Bassetto, Marco and Galli, Carlo},
  title = {Is Inflation Default? The Role of Information in Debt Crises},
  journal = {American Economic Review},
  volume = {109},
  number = {10},
  pages = {3556--3584},
  year = {2019},
  doi = {10.1257/aer.20170721}
}

@article{BocolaDovis2019,
  author = {Bocola, Luigi and Dovis, Alessandro},
  title = {Self-Fulfilling Debt Crises: A Quantitative Analysis},
  journal = {American Economic Review},
  volume = {109},
  number = {12},
  pages = {4343--4377},
  year = {2019},
  doi = {10.1257/aer.20161471}
}

@article{ChatterjeeEyigungor2019,
  author = {Chatterjee, Satyajit and Eyigungor, Burcu},
  title = {Endogenous political turnover and fluctuations in sovereign default risk},
  journal = {Journal of International Economics},
  volume = {117},
  pages = {37--50},
  year = {2019},
  doi = {10.1016/j.jinteco.2018.12.006}
}

@unpublished{Chaumont2019,
  author = {Chaumont, Gaston},
  title = {Sovereign Debt, Default Risk, and the Liquidity of Government Bonds},
  note = {Working paper},
  year = {2019}
}

@article{ChengDiazCassouErce2019,
  author = {Cheng, Gong and Diaz-Cassou, Javier and Erce, Aitor},
  title = {The macroeconomic effects of official debt restructuring: evidence from the Paris Club},
  journal = {Oxford Economic Papers},
  volume = {71},
  number = {2},
  pages = {344--363},
  year = {2019},
  doi = {10.1093/oep/gpy032}
}

@article{FaragliaEtAl2019,
  author = {Faraglia, Elisa and Marcet, Albert and Oikonomou, Rigas and Scott, Andrew},
  title = {Government Debt Management: The Long and the Short of It},
  journal = {The Review of Economic Studies},
  volume = {86},
  number = {6},
  pages = {2554--2604},
  year = {2019},
  doi = {10.1093/restud/rdy061}
}

@unpublished{HatchondoRochMartinez2019,
  author = {Hatchondo, Juan and Roch, Francisco and Martinez, Leonardo},
  title = {Constrained efficient borrowing with sovereign default risk},
  note = {Working paper},
  year = {2019}
}

@article{LorenzoniWerning2019,
  author = {Lorenzoni, Guido and Werning, Iv{\'a}n},
  title = {Slow Moving Debt Crises},
  journal = {American Economic Review},
  volume = {109},
  number = {9},
  pages = {3229--3263},
  year = {2019},
  doi = {10.1257/aer.20141766}
}

@article{MullerStoreslettenZilibotti2019,
  author = {M{\"u}ller, Andreas and Storesletten, Kjetil and Zilibotti, Fabrizio},
  title = {Sovereign Debt and Structural Reforms},
  journal = {American Economic Review},
  volume = {109},
  number = {12},
  pages = {4220--4259},
  year = {2019},
  doi = {10.1257/aer.20161457}
}

@article{OttonelloPerez2019,
  author = {Ottonello, Pablo and Perez, Diego J.},
  title = {The Currency Composition of Sovereign Debt},
  journal = {American Economic Journal: Macroeconomics},
  volume = {11},
  number = {3},
  pages = {174--208},
  year = {2019},
  doi = {10.1257/mac.20180019}
}

@unpublished{Wang2019,
  author = {Wang, Xiaohan},
  title = {Renegotiation After Sovereign Default: Bygones No Longer},
  note = {Working paper},
  year = {2019}
}

@article{AguiarAmador2020,
  author = {Aguiar, Mark and Amador, Manuel},
  title = {Self-Fulfilling Debt Dilution: Maturity and Multiplicity in Debt Models},
  journal = {American Economic Review},
  volume = {110},
  number = {9},
  pages = {2783--2818},
  year = {2020},
  doi = {10.1257/aer.20180831}
}

@article{AguiarAmadorFourakis2020,
  author = {Aguiar, Mark and Amador, Manuel and Fourakis, Stelios},
  title = {On the Welfare Losses from External Sovereign Borrowing},
  journal = {IMF Economic Review},
  volume = {68},
  number = {1},
  pages = {163--194},
  year = {2020},
  doi = {10.1057/s41308-019-00103-2}
}

@article{AlessandriaBaiDeng2020,
  author = {Alessandria, George and Bai, Yan and Deng, Minjie},
  title = {Migration and sovereign default risk},
  journal = {Journal of Monetary Economics},
  volume = {113},
  pages = {1--22},
  year = {2020},
  doi = {10.1016/j.jmoneco.2020.04.007}
}

@article{AsonumaJoo2020,
  author = {Asonuma, Tamon and Joo, Hyungseok},
  title = {Sovereign Debt Restructurings: Delays in Renegotiations and Risk Averse Creditors},
  journal = {Journal of the European Economic Association},
  volume = {18},
  number = {5},
  pages = {2394--2440},
  year = {2020},
  doi = {10.1093/jeea/jvz080}
}

@article{Bornstein2020,
  author = {Bornstein, Gideon},
  title = {A Continuous-Time Model of Sovereign Debt},
  journal = {Journal of Economic Dynamics and Control},
  volume = {118},
  pages = {103963},
  year = {2020},
  doi = {10.1016/j.jedc.2020.103963}
}

@article{Mihalache2020,
  author = {Mihalache, Gabriel},
  title = {Sovereign default resolution through maturity extension},
  journal = {Journal of International Economics},
  volume = {125},
  pages = {103326},
  year = {2020},
  doi = {10.1016/j.jinteco.2020.103326}
}

@article{Stangebye2020,
  author = {Stangebye, Zachary R.},
  title = {Beliefs and long-maturity sovereign debt},
  journal = {Journal of International Economics},
  volume = {127},
  pages = {103381},
  year = {2020},
  doi = {10.1016/j.jinteco.2020.103381}
}

@article{AmadorPhelan2021,
  author = {Amador, Manuel and Phelan, Christopher},
  title = {Reputation and Sovereign Default},
  journal = {Econometrica},
  volume = {89},
  number = {4},
  pages = {1979--2010},
  year = {2021},
  doi = {10.3982/ecta16685}
}

@article{BianchiMondragon2021,
  author = {Bianchi, Javier and Mondragon, Jorge},
  title = {Monetary Independence and Rollover Crises},
  journal = {The Quarterly Journal of Economics},
  volume = {137},
  number = {1},
  pages = {435--491},
  year = {2021},
  doi = {10.1093/qje/qjab025}
}

@article{DvorkinEtAl2021,
  author = {Dvorkin, Maximiliano and S{\'a}nchez, Juan M. and Sapriza, Horacio and Yurdagul, Emircan},
  title = {Sovereign Debt Restructurings},
  journal = {American Economic Journal: Macroeconomics},
  volume = {13},
  number = {2},
  pages = {26--77},
  year = {2021},
  doi = {10.1257/mac.20190220}
}

@article{DErasmoMendoza2021,
  author = {D'Erasmo, Pablo and Mendoza, Enrique G.},
  title = {History remembered: Optimal sovereign default on domestic and external debt},
  journal = {Journal of Monetary Economics},
  volume = {117},
  pages = {969--989},
  year = {2021},
  doi = {10.1016/j.jmoneco.2020.07.006}
}

@article{Galli2021,
  author = {Galli, Carlo},
  title = {Self-fulfilling debt crises, fiscal policy and investment},
  journal = {Journal of International Economics},
  volume = {131},
  pages = {103475},
  year = {2021},
  doi = {10.1016/j.jinteco.2021.103475}
}

@article{SchumacherTrebeschEnderlein2021,
  author = {Schumacher, Julian and Trebesch, Christoph and Enderlein, Henrik},
  title = {Sovereign defaults in court},
  journal = {Journal of International Economics},
  volume = {131},
  pages = {103388},
  year = {2021},
  doi = {10.1016/j.jinteco.2020.103388}
}

@article{AguiarEtAl2022,
  author = {Aguiar, Mark and Chatterjee, Satyajit and Cole, Harold and Stangebye, Zachary},
  title = {Self-Fulfilling Debt Crises, Revisited},
  journal = {Journal of Political Economy},
  volume = {130},
  number = {5},
  pages = {1147--1183},
  year = {2022},
  doi = {10.1086/718934}
}

@article{ColeNeuhannOrdonez2022,
  author = {Cole, Harold and Neuhann, Daniel and Ordo{\~n}ez, Guillermo},
  title = {Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data},
  journal = {Journal of Political Economy},
  volume = {130},
  number = {8},
  pages = {2055--2109},
  year = {2022},
  doi = {10.1086/720139}
}

@article{HatchondoMartinezRoch2022,
  author = {Hatchondo, Juan Carlos and Martinez, Leonardo and Roch, Francisco},
  title = {Fiscal Rules and the Sovereign Default Premium},
  journal = {American Economic Journal: Macroeconomics},
  volume = {14},
  number = {4},
  pages = {244--273},
  year = {2022},
  doi = {10.1257/mac.20170479}
}

@article{JohriKhanSosaPadilla2022,
  author = {Johri, Alok and Khan, Shahed and Sosa-Padilla, C{\'e}sar},
  title = {Interest rate uncertainty and sovereign default risk},
  journal = {Journal of International Economics},
  volume = {139},
  pages = {103681},
  year = {2022},
  doi = {10.1016/j.jinteco.2022.103681}
}

@book{KehoeNicolini2022,
  editor = {Kehoe, Timothy J. and Nicolini, Juan Pablo},
  title = {A Monetary and Fiscal History of Latin America, 1960-2017},
  publisher = {University of Minnesota Press},
  year = {2022},
  url = {https://manifold.bfi.uchicago.edu/projects/monetary-fiscal-history-latin-america-1960-2017}
}

@article{MeyerReinhartTrebesch2022,
  author = {Meyer, Josefin and Reinhart, Carmen M and Trebesch, Christoph},
  title = {Sovereign Bonds Since Waterloo},
  journal = {The Quarterly Journal of Economics},
  volume = {137},
  number = {3},
  pages = {1615--1680},
  year = {2022},
  doi = {10.1093/qje/qjac007}
}

@article{MorelliOttonelloPerez2022,
  author = {Morelli, Juan M. and Ottonello, Pablo and Perez, Diego J.},
  title = {Global Banks and Systemic Debt Crises},
  journal = {Econometrica},
  volume = {90},
  number = {2},
  pages = {749--798},
  year = {2022},
  doi = {10.3982/ecta17433}
}

@unpublished{Paluszynski2022,
  author = {Paluszynski, Radoslaw},
  title = {The Ultralong Sovereign Default Risk},
  note = {Working paper},
  year = {2022}
}

@article{RebeloWangYang2022,
  author = {REBELO, SERGIO and WANG, NENG and YANG, JINQIANG},
  title = {Rare Disasters, Financial Development, and Sovereign Debt},
  journal = {The Journal of Finance},
  volume = {77},
  number = {5},
  pages = {2719--2764},
  year = {2022},
  doi = {10.1111/jofi.13175}
}

@article{AmadorPhelan2023,
  author = {Amador, Manuel and Phelan, Christopher},
  title = {Reputation and Partial Default},
  journal = {American Economic Review: Insights},
  volume = {5},
  number = {2},
  pages = {158--172},
  year = {2023},
  doi = {10.1257/aeri.20210739}
}

@article{AndradeEkpononJeanneret2023,
  author = {Andrade, Sandro C. and Ekponon, Adelphe and Jeanneret, Alexandre},
  title = {Sovereign risk premia and global macroeconomic conditions},
  journal = {Journal of Financial Economics},
  volume = {147},
  number = {1},
  pages = {172--197},
  year = {2023},
  doi = {10.1016/j.jfineco.2022.07.003}
}

@article{ArellanoMateosPlanasRiosRull2023,
  author = {Arellano, Cristina and Mateos-Planas, Xavier and R{\'i}os-Rull, Jos{\'e}-V{\'i}ctor},
  title = {Partial Default},
  journal = {Journal of Political Economy},
  volume = {131},
  number = {6},
  pages = {1385--1439},
  year = {2023},
  doi = {10.1086/722934}
}

@article{AsonumaNiepeltRanciere2023,
  author = {Asonuma, Tamon and Niepelt, Dirk and Ranciere, Romain},
  title = {Sovereign bond prices, haircuts and maturity},
  journal = {Journal of International Economics},
  volume = {140},
  pages = {103689},
  year = {2023},
  doi = {10.1016/j.jinteco.2022.103689}
}

@article{AzzimontiMitra2023,
  author = {Azzimonti, Marina and Mitra, Nirvana},
  title = {Political constraints and sovereign default},
  journal = {Journal of International Money and Finance},
  volume = {137},
  pages = {102895},
  year = {2023},
  doi = {10.1016/j.jimonfin.2023.102895}
}

@article{BianchiOttonelloPresno2023,
  author = {Bianchi, Javier and Ottonello, Pablo and Presno, Ignacio},
  title = {Fiscal Stimulus under Sovereign Risk},
  journal = {Journal of Political Economy},
  volume = {131},
  number = {9},
  pages = {2328--2369},
  year = {2023},
  doi = {10.1086/724317}
}

@article{BigioNunoPassadore2023,
  author = {Bigio, Saki and Nu{\~n}o, Galo and Passadore, Juan},
  title = {Debt-Maturity Management with Liquidity Costs},
  journal = {Journal of Political Economy Macroeconomics},
  volume = {1},
  number = {1},
  pages = {119--190},
  year = {2023},
  doi = {10.1086/723392}
}

@unpublished{FengSantos2023,
  author = {Feng, Zhigang and Santos, Manuel},
  title = {Markov Perfect Equilibrium in Economies with Sovereign Default and Distortionary Taxation},
  note = {Working paper},
  year = {2023}
}

@book{Grund2023,
  author = {Grund, Sebastian},
  title = {Sovereign Debt Restructuring and the Law: The Holdout Creditor Problem in Argentina and Greece},
  journal = {Routledge},
  year = {2023},
  url = {https://www.routledge.com/Sovereign-Debt-Restructuring-and-the-Law-The-Holdout-Creditor-Problem-in-Argentina-and-Greece/Grund/p/book/9781032422367}
}

@article{GuStangebye2023,
  author = {Gu, Grace Weishi and Stangebye, Zachary R.},
  title = {COSTLY INFORMATION AND SOVEREIGN RISK},
  journal = {International Economic Review},
  volume = {64},
  number = {4},
  pages = {1397--1429},
  year = {2023},
  doi = {10.1111/iere.12653}
}

@unpublished{HatchondoMartinezSosaPadilla2023,
  author = {Hatchondo, Juan C. and Martinez, Leonardo and Sosa-Padilla, Cesar},
  title = {Sovereign Debt Standstills},
  note = {Working paper},
  year = {2023}
}

@article{HurtadoNunoThomas2023,
  author = {Hurtado, Samuel and Nu{\~n}o, Galo and Thomas, Carlos},
  title = {Monetary Policy and Sovereign Debt Sustainability},
  journal = {Journal of the European Economic Association},
  volume = {21},
  number = {1},
  pages = {293--325},
  year = {2023},
  doi = {10.1093/jeea/jvac035}
}

@incollection{MartinezEtAl2023,
  author = {Martinez, Leonardo and Roch, Francisco and Rold{\'a}n, Francisco and Zettelmeyer, Jeromin},
  title = {Sovereign debt},
  booktitle = {Research Handbook of Financial Markets},
  publisher = {Edward Elgar Publishing},
  pages = {378--405},
  year = {2023},
  doi = {10.4337/9781800375321.00026}
}

@unpublished{MateosPlanasEtAl2023,
  author = {Mateos-Planas, Xavier and McCrary, Sean and R{\'i}os-Rull, Jos{\'e}-V{\'i}ctor and Wicht, Adrien},
  title = {The Generalized Euler Equation and the Bankruptcy-Sovereign Default Problem},
  note = {Working paper},
  year = {2023}
}

@article{MitchenerTrebesch2023,
  author = {Mitchener, Kris James and Trebesch, Christoph},
  title = {Sovereign Debt in the Twenty-first Century},
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  number = {2},
  pages = {565--623},
  year = {2023},
  doi = {10.1257/jel.20211362}
}

@article{MorelliMoretti2023,
  author = {Morelli, Juan M. and Moretti, Matias},
  title = {Information Frictions, Reputation, and Sovereign Spreads},
  journal = {Journal of Political Economy},
  volume = {131},
  number = {11},
  pages = {3066--3102},
  year = {2023},
  doi = {10.1086/724855}
}

@article{Paluszynski2023,
  author = {Paluszynski, Radoslaw},
  title = {Learning about Debt Crises},
  journal = {American Economic Journal: Macroeconomics},
  volume = {15},
  number = {1},
  pages = {106--134},
  year = {2023},
  doi = {10.1257/mac.20190189}
}

@article{PaluszynskiStefanidis2023,
  author = {Paluszynski, Radoslaw and Stefanidis, Georgios},
  title = {Borrowing into debt crises},
  journal = {Quantitative Economics},
  volume = {14},
  number = {1},
  pages = {277--308},
  year = {2023},
  doi = {10.3982/qe1797}
}

@article{RochRoldan2023,
  author = {Roch, Francisco and Rold{\'a}n, Francisco},
  title = {Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt},
  journal = {Journal of Political Economy Macroeconomics},
  volume = {1},
  number = {2},
  pages = {334--370},
  year = {2023},
  doi = {10.1086/723950}
}

@article{SosaPadillaSturzenegger2023,
  author = {Sosa-Padilla, C{\'e}sar and Sturzenegger, Federico},
  title = {Does it matter how central banks accumulate reserves? Evidence from sovereign spreads},
  journal = {Journal of International Economics},
  volume = {140},
  pages = {103711},
  year = {2023},
  doi = {10.1016/j.jinteco.2022.103711}
}

@article{ArellanoBaiMihalache2024,
  author = {Arellano, Cristina and Bai, Yan and Mihalache, Gabriel},
  title = {Deadly Debt Crises: COVID-19 in Emerging Markets},
  journal = {Review of Economic Studies},
  volume = {91},
  number = {3},
  pages = {1243--1290},
  year = {2024},
  doi = {10.1093/restud/rdad058}
}

@article{AsonumaEtAl2024,
  author = {Asonuma, Tamon and Chamon, Marcos and Erce, Aitor and Sasahara, Akira},
  title = {Costs of sovereign debt crises: Restructuring strategies and bank intermediation},
  journal = {Journal of International Economics},
  volume = {152},
  pages = {104002},
  year = {2024},
  doi = {10.1016/j.jinteco.2024.104002}
}

@article{AzzimontiQuadrini2024,
  author = {Azzimonti, Marina and Quadrini, Vincenzo},
  title = {International Spillovers and Bailouts},
  journal = {Review of Economic Studies},
  volume = {91},
  number = {1},
  pages = {77--128},
  year = {2024},
  doi = {10.1093/restud/rdad025}
}

@article{BianchiSosaPadilla2024,
  author = {Bianchi, Javier and Sosa-Padilla, C{\'e}sar},
  title = {Reserve Accumulation, Macroeconomic Stabilization, and Sovereign Risk},
  journal = {Review of Economic Studies},
  volume = {91},
  number = {4},
  pages = {2053--2103},
  year = {2024},
  doi = {10.1093/restud/rdad075}
}

@article{CorsettiMaeng2024,
  author = {Corsetti, Giancarlo and Maeng, Fred Seunghyun},
  title = {Debt Crises, Fast and Slow},
  journal = {Journal of the European Economic Association},
  volume = {22},
  number = {5},
  pages = {2148--2179},
  year = {2024},
  doi = {10.1093/jeea/jvad076}
}

@article{Deng2024,
  author = {Deng, Minjie},
  title = {Inequality, Taxation, and Sovereign Default Risk},
  journal = {American Economic Journal: Macroeconomics},
  volume = {16},
  number = {2},
  pages = {217--249},
  year = {2024},
  doi = {10.1257/mac.20210133}
}

@article{Esquivel2024,
  author = {Esquivel, Carlos},
  title = {Underinvestment and capital misallocation under sovereign risk},
  journal = {Journal of International Economics},
  volume = {151},
  pages = {103973},
  year = {2024},
  doi = {10.1016/j.jinteco.2024.103973}
}

@unpublished{Esquivel2024wp,
  author = {Esquivel, Carlos},
  title = {The Sovereign Default Risk of Giant Oil Discoveries},
  note = {Working paper},
  year = {2024}
}

@unpublished{FarahYacoubReinhart2024,
  author = {Farah-Yacoub, J., von Luckner, C. M. G. and Reinhart, C},
  title = {The Social Costs of Sovereign Default},
  note = {Working paper},
  year = {2024}
}

@unpublished{Fourakis2024,
  author = {Fourakis, Stelios},
  title = {Sovereign Default and Government Reputation},
  note = {Working paper},
  year = {2024}
}

@article{GelpernEtAl2024,
  author = {Gelpern, Anna and Horn, Sebastian and Morris, Scott and Parks, Brad and Trebesch, Christoph},
  title = {How China lends: a rare look into 100 debt contracts with foreign governments},
  journal = {Economic Policy},
  volume = {38},
  number = {114},
  pages = {345--416},
  year = {2024},
  doi = {10.1093/epolic/eiac054}
}

@article{HassanEtAl2024,
  author = {Hassan, Tarek A and Schreger, Jesse and Schwedeler, Markus and Tahoun, Ahmed},
  title = {Sources and Transmission of Country Risk},
  journal = {Review of Economic Studies},
  volume = {91},
  number = {4},
  pages = {2307--2346},
  year = {2024},
  doi = {10.1093/restud/rdad080}
}

@book{Makoff2024,
  author = {Makoff, Gregory},
  title = {Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring},
  publisher = {Georgetown University Press},
  year = {2024},
  url = {https://press.georgetown.edu/Book/Default}
}

@unpublished{MonteiroFourakis2024,
  author = {Monteiro, Ricardo Alves and Fourakis, Stelios},
  title = {Sovereign Debt Auctions with Strategic Interactions},
  note = {Working paper},
  year = {2024}
}

@unpublished{AlmeidaEsquivelKehoeNicolini2024,
  author = {Almeida, Victor and Esquivel, Carlos and Kehoe, Timothy E. and Nicolini, Juan Pablo},
  title = {Default and Interest Rate Shocks: Renegotiation Matters},
  note = {Working paper},
  year = {2024}
}

@unpublished{BaiKehoeLopezPerri2024,
  author = {Bai, Yan and Kehoe, Patrick and Lopez, Pierlauro and Perri, Fabrizio},
  title = {World Financial Cycles},
  note = {Working paper},
  year = {2024}
}

@article{AparisideLannoyEtAl2025,
  author = {Aparisi de Lannoy, L{\'e}o and Bhandari, Anmol and Evans, David and Golosov, Mikhail and Sargent, Thomas},
  title = {Managing Public Portfolios},
  journal = {Journal of Political Economy},
  volume = {133},
  number = {12},
  pages = {3903--3951},
  year = {2025},
  doi = {10.1086/738150}
}

@unpublished{ArellanoBarreto2025,
  author = {Arellano, Cristina and Barreto, Leonardo},
  title = {Official Sovereign Debt},
  note = {Working paper},
  year = {2025}
}

@article{AyresEtAl2025,
  author = {Ayres, Joao and Navarro, Gaston and Nicolini, Juan Pablo and Teles, Pedro},
  title = {Self-Fulfilling Debt Crises with Long Stagnations},
  journal = {Journal of Political Economy},
  volume = {133},
  number = {12},
  pages = {4050--4101},
  year = {2025},
  doi = {10.1086/738143}
}

@article{ChamonRoldan2025,
  author = {Chamon, Marcos and Rold{\'a}n, Francisco},
  title = {Sovereign Debt Tolerance with Potentially Permanent Costs of Default},
  journal = {IMF Economic Review},
  volume = {73},
  number = {1},
  pages = {118--149},
  year = {2025},
  doi = {10.1057/s41308-024-00260-z}
}

@article{ColeNeuhannOrdonez2025,
  author = {Cole, Harold L and Neuhann, Daniel and Ordo{\~n}ez, Guillermo},
  title = {Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis},
  journal = {Review of Economic Studies},
  volume = {92},
  number = {1},
  pages = {197--237},
  year = {2025},
  doi = {10.1093/restud/rdae017}
}

@article{CotocJohriSosaPadilla2025,
  author = {Cotoc, Johnny and Johri, Alok and Sosa‐Padilla, C{\'e}sar},
  title = {Sovereign Spreads and the Political Leaning of Nations},
  journal = {International Economic Review},
  volume = {66},
  number = {2},
  pages = {687--709},
  year = {2025},
  doi = {10.1111/iere.12767}
}

@article{EspinoEtAl2025,
  author = {Espino, Emilio and Kozlowski, Julian and Martin, Fernando M. and S{\'a}nchez, Juan M.},
  title = {Domestic Policies and Sovereign Default},
  journal = {American Economic Journal: Macroeconomics},
  volume = {17},
  number = {3},
  pages = {74--113},
  year = {2025},
  doi = {10.1257/mac.20220294}
}

@article{Esquivel2025,
  author = {Esquivel, Carlos},
  title = {Sovereign risk and Dutch disease},
  journal = {Journal of Monetary Economics},
  volume = {149},
  pages = {103663},
  year = {2025},
  doi = {10.1016/j.jmoneco.2024.103663}
}

@article{FangHardyLewis2025,
  author = {Fang, Xiang and Hardy, Bryan and Lewis, Karen K},
  title = {Who Holds Sovereign Debt and Why It Matters},
  journal = {The Review of Financial Studies},
  volume = {38},
  number = {8},
  pages = {2326--2361},
  year = {2025},
  doi = {10.1093/rfs/hhaf031}
}

@article{GrafvonLucknerEtAl2025,
  author = {Graf von Luckner, Clemens M. and Meyer, Josefin and Reinhart, Carmen M. and Trebesch, Christoph},
  title = {Sovereign Haircuts: 200 Years of Creditor Losses},
  journal = {IMF Economic Review},
  volume = {73},
  number = {1},
  pages = {150--195},
  year = {2025},
  doi = {10.1057/s41308-024-00268-5}
}

@article{LiMihalache2025,
  author = {Li, Lei and Mihalache, Gabriel},
  title = {Default and development},
  journal = {Journal of International Economics},
  volume = {155},
  pages = {104089},
  year = {2025},
  doi = {10.1016/j.jinteco.2025.104089}
}

@article{MateosPlanasEtAl2025,
  author = {Mateos-Planas, Xavier and McCrary, Sean and R{\'i}os-Rull, Jos{\'e}-V{\'i}ctor and Wicht, Adrien},
  title = {Commitment in the canonical sovereign default model},
  journal = {Journal of International Economics},
  volume = {157},
  pages = {104120},
  year = {2025},
  doi = {10.1016/j.jinteco.2025.104120}
}

@incollection{Mihalache2025,
  author = {Mihalache, Gabriel},
  title = {Solving Default Models},
  booktitle = {Oxford Research Encyclopedia of Economics and Finance},
  publisher = {Oxford University PressNew York, NY},
  year = {2025},
  doi = {10.1093/acrefore/9780190625979.013.941}
}

@article{Roldan2025,
  author = {Rold{\'a}n, Francisco},
  title = {The Aggregate-Demand Doom Loop: Precautionary Motives and the Welfare Costs of Sovereign Risk},
  journal = {American Economic Journal: Macroeconomics},
  volume = {17},
  number = {3},
  pages = {160--204},
  year = {2025},
  doi = {10.1257/mac.20220248}
}

@unpublished{Sagawa2025,
  author = {Sagawa, Takumi},
  title = {Sovereign Liquidity Shocks},
  note = {Working paper},
  year = {2025}
}

@article{Tavares2025,
  author = {Tavares, Tiago},
  title = {The role of international reserves in sovereign debt restructuring under fiscal adjustment},
  journal = {Journal of Economic Dynamics and Control},
  volume = {174},
  pages = {105080},
  year = {2025},
  doi = {10.1016/j.jedc.2025.105080}
}

@unpublished{AndradeRocha2026,
  author = {Andrade, Sandro C. and Rocha, Felipe M. Da},
  title = {On the Intermediation Cost of Public Debt},
  note = {Working paper},
  year = {2026}
}

@article{ArellanoBaiBocola2026,
  author = {Arellano, Cristina and Bai, Yan and Bocola, Luigi},
  title = {Sovereign Default Risk and Firm Heterogeneity},
  journal = {Journal of the European Economic Association},
  pages = {jvaf067},
  year = {2026},
  doi = {10.1093/jeea/jvaf067}
}

@article{ArellanoBaiMihalache2026,
  author = {Arellano, Cristina and Bai, Yan and Mihalache, Gabriel},
  title = {Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)},
  journal = {The Quarterly Journal of Economics},
  volume = {141},
  number = {2},
  pages = {1635--1703},
  year = {2026},
  doi = {10.1093/qje/qjag012}
}

@article{BarbosaAlvesBianchiSosaPadilla2026,
  author = {Barbosa-Alves, Mauricio and Bianchi, Javier and Sosa-Padilla, C{\'e}sar},
  title = {International Reserve Management Under Rollover Crises},
  journal = {The Quarterly Journal of Economics},
  volume = {141},
  number = {3},
  pages = {2269--2311},
  year = {2026},
  doi = {10.1093/qje/qjag025}
}

@unpublished{BigioNuno2026,
  author = {Bigio, Saki and Nu{\~n}o, Galo},
  title = {Decomposing Optimal Debt Maturity},
  note = {Working paper},
  year = {2026}
}

@unpublished{RoldanSosaPadilla2026,
  author = {Rold{\'a}n, Francisco and Sosa-Padilla, C{\'e}sar},
  title = {The Perils of Bilateral Sovereign Debt},
  note = {Working paper},
  year = {2026}
}

@unpublished{FourakisKarabarbounis2026,
  author = {Fourakis, Stelios and Karabarbounis, Loukas},
  title = {The Puzzling Behavior of Spreads during Covid},
  note = {Working paper},
  year = {2026}
}

@unpublished{GalliGuibaud2026,
  author = {Galli, Carlo and Guibaud, St{\'e}phane},
  title = {Majority Voting in Sovereign Restructurings: The Aggregation Dilemma},
  note = {Working paper},
  year = {2026}
}

@article{HurSosaPadillaYom2026,
  author = {Hur, Sewon and Sosa-Padilla, C{\'e}sar and Yom, Zeynep},
  title = {Optimal bailouts in banking and sovereign crises},
  journal = {Journal of International Economics},
  volume = {162},
  pages = {104283},
  year = {2026},
  doi = {10.1016/j.jinteco.2026.104283}
}

@unpublished{Moon2026,
  author = {Moon, Sanghwa},
  title = {Official Lending and Self-Fulfilling Debt Crises},
  note = {Working paper},
  year = {2026}
}

@article{SongMihalache2026,
  author = {Song, Ilhwan and Mihalache, Gabriel},
  title = {Insufficient or excessive investment under sovereign default risk},
  journal = {Journal of International Economics},
  volume = {160},
  pages = {104232},
  year = {2026},
  doi = {10.1016/j.jinteco.2026.104232}
}

@unpublished{StangebyeWright2026,
  author = {Stangebye, Zachary R. and Wright, Mark L. J.},
  title = {Living in Infamy: Bad Reputations in Emerging Markets},
  note = {Working paper},
  year = {2026}
}

@article{AbrahamEtAl2026,
  author = {{\'A}brah{\'a}m, {\'A}rp{\'a}d and Carceles-Poveda, Eva and Liu, Yan and Marimon, Ramon},
  title = {On the Optimal Design of a Financial Stability Fund},
  journal = {Review of Economic Studies},
  volume = {93},
  number = {4},
  pages = {2135--2180},
  year = {2026},
  doi = {10.1093/restud/rdaf076}
}