We explore the time-varying effects of financial and geopolitical uncertainties on commodity
markets using a time-varying parameter structural vector autoregression with stochastic …

This paper investigates the role of self-fulfilling expectations in sovereign bond markets. We
consider a model of sovereign borrowing featuring endogenous debt maturity, risk-averse …

This paper studies the impact of investor composition on the sovereign debt market. We
construct a data set of sovereign debt holdings by foreign and domestic bank, non-bank …

This paper measures the output costs of sovereign risk by combining a sovereign debt
model with firm-and bank-level data. An increase in sovereign risk lowers the price of …

The study documented in this paper utilises a probit regression analysis to empirically
investigate the key macroeconomic factors that influence default risk in the peer-to-peer …

We explore the complementarity between a central bank and a financial stability Fund in
stabilizing sovereign debt markets. The central bank pursuing its mandate can intervene …

Sustainable development of modern society demands discovering new materials with
superior properties in different applications such as aerospace, wind, civil, automotive, etc …

We study the extent to which the perceived cost of losing the exorbitant privilege the United
States holds in global safe asset markets sustains its public debt safety. Our findings indicate …

We construct a dynamic theory of sovereign debt and structural reforms with limited
enforcement and moral hazard. A sovereign country in recession wishes to smooth …

Many countries face record public debt levels but have until recently benefited from
favorable interest-growth differentials. The empirical evidence on the link between high debt …