Renegotiation of the public debt in conditions of excessive debt. This paper studies the debt overhang models and maturity management models, and analyses both theoretically and historically the debt renegotiations which the final outcome is a lower public debt burden. From the theoretical view the renegotiation plans can be Pareto improving, both creditors and debtors can be better-off, and the value of the new debt will price the new reputation and debtors' willingness to pay. From the historical point of view, funded debts were the instrument that debtors used to improve reputation
Debt with many creditors is analysed in a continuous-time pricing model of the levered firm. We spec...
After the huge debt increases in the 1940s, due to the WWII, and in the 1980s due to the emerging ma...
Delays in debt restructuring negotiations are widely regarded as inefficient. This paper argues that...
Despite the large size of the Brazilian debt market, as well the large diversity of its bonds, the p...
The paper models the optimal debt management strategy of the public sector when issuing nominal, pri...
International audienceThis paper develops a model of debt renegotiation in a structural framework th...
Despite the large size of the Brazilian debt market, as well the large diversity of its bonds, the p...
International audienceThis paper develops a model of debt renegotiation in a structural framework th...
Please see the more recent version of this paper titled: The Dynamics of Default and Debt Reorganiza...
Mestrado em FinançasPortuguese public debt has attained an unsustainable trajectory in recent years....
To acquire products or services, people used to sign some promissory notes with different maturities...
This paper analyzes the problems associated with the renegotiation of debt contracts involving a ban...
This article derives the optimal composition of the Brazilian public debt by looking at the relativ...
After the huge debt increases in the 1940s, due to the WWII, and in the 1980s due to the emerging ma...
International audienceThis paper develops a model of debt renegotiation in a structural framework th...
Debt with many creditors is analysed in a continuous-time pricing model of the levered firm. We spec...
After the huge debt increases in the 1940s, due to the WWII, and in the 1980s due to the emerging ma...
Delays in debt restructuring negotiations are widely regarded as inefficient. This paper argues that...
Despite the large size of the Brazilian debt market, as well the large diversity of its bonds, the p...
The paper models the optimal debt management strategy of the public sector when issuing nominal, pri...
International audienceThis paper develops a model of debt renegotiation in a structural framework th...
Despite the large size of the Brazilian debt market, as well the large diversity of its bonds, the p...
International audienceThis paper develops a model of debt renegotiation in a structural framework th...
Please see the more recent version of this paper titled: The Dynamics of Default and Debt Reorganiza...
Mestrado em FinançasPortuguese public debt has attained an unsustainable trajectory in recent years....
To acquire products or services, people used to sign some promissory notes with different maturities...
This paper analyzes the problems associated with the renegotiation of debt contracts involving a ban...
This article derives the optimal composition of the Brazilian public debt by looking at the relativ...
After the huge debt increases in the 1940s, due to the WWII, and in the 1980s due to the emerging ma...
International audienceThis paper develops a model of debt renegotiation in a structural framework th...
Debt with many creditors is analysed in a continuous-time pricing model of the levered firm. We spec...
After the huge debt increases in the 1940s, due to the WWII, and in the 1980s due to the emerging ma...
Delays in debt restructuring negotiations are widely regarded as inefficient. This paper argues that...