Sovereign debt and default: does it matter who they think you are?

Detalhes bibliográficos
Ano de defesa: 2019
Autor(a) principal: Almeida, Renan Rabelo Holtz de
Orientador(a): Guimarães, Bernardo de Vasconcellos
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: eng
Instituição de defesa: Não Informado pela instituição
Programa de Pós-Graduação: Não Informado pela instituição
Departamento: Não Informado pela instituição
País: Não Informado pela instituição
Palavras-chave em Português:
Macroeconomia
Dívida soberana
Incerteza sobre tipos
Reputação
Palavras-chave em Inglês:
Macroeconomics
Sovereign debt
Default
Uncertainty about types
Link de acesso: http://hdl.handle.net/10438/26230
Resumo: Embora sanções sejam relevantes para explicar decisões de default e variáveis econômicas relacionadas, reputação também importa nesse contexto. Nesse trabalho nós propomos uma extensão do modelo quantitativo de default padrão, o qual incorpora incerteza sobre tipos para destacar a importância da reputação. Nós concluímos que a reputação talvez desempenhe um papel para explicar os preços da dívida, níveis da dívida e decisões de default. Entretanto, há equilíbrios múltiplos no modelo e diferentes trajetórias para dívida e para default são possíveis.
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spelling Almeida, Renan Rabelo Holtz deEscolas::EESPWeller, LeonardoRodrigues Junior, MauroGuimarães, Bernardo de Vasconcellos2019-02-27T13:36:49Z2019-02-27T13:36:49Z2019-02-15http://hdl.handle.net/10438/26230Embora sanções sejam relevantes para explicar decisões de default e variáveis econômicas relacionadas, reputação também importa nesse contexto. Nesse trabalho nós propomos uma extensão do modelo quantitativo de default padrão, o qual incorpora incerteza sobre tipos para destacar a importância da reputação. Nós concluímos que a reputação talvez desempenhe um papel para explicar os preços da dívida, níveis da dívida e decisões de default. Entretanto, há equilíbrios múltiplos no modelo e diferentes trajetórias para dívida e para default são possíveis.Although sanctions are relevant to explain default decisions and related economic variables, reputation also matters in this context. In this paper we propose an extension of the standard quantitative default model, which incorporates uncertainty about types to highlight the importance of reputation. We find that reputation may play a role in explaining debt prices, debt levels and default decisions. However, there are multiple equilibria in the model and different paths for debt and default are possible.engMacroeconomicsSovereign debtDefaultUncertainty about typesMacroeconomiaDívida soberanaIncerteza sobre tiposReputaçãoEconomiaDívida públicaDívida externaMacroeconomiaMercado financeiroSovereign debt and default: does it matter who they think you are?info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVTEXTDissertação Mestrado Economia - Renan Holtz.pdf.txtDissertação Mestrado Economia - Renan Holtz.pdf.txtExtracted texttext/plain53699https://repositorio.fgv.br/bitstreams/609ff0d0-df89-447d-b520-c2fdea12bd99/download138087fc3190f26f26db0bc98ae4e92eMD55ORIGINALDissertação Mestrado Economia - Renan Holtz.pdfDissertação Mestrado Economia - Renan 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dc.title.eng.fl_str_mv Sovereign debt and default: does it matter who they think you are?
title Sovereign debt and default: does it matter who they think you are?
spellingShingle Sovereign debt and default: does it matter who they think you are?
Almeida, Renan Rabelo Holtz de
Macroeconomics
Sovereign debt
Default
Uncertainty about types
Macroeconomia
Dívida soberana
Incerteza sobre tipos
Reputação
Economia
Dívida pública
Dívida externa
Macroeconomia
Mercado financeiro
title_short Sovereign debt and default: does it matter who they think you are?
title_full Sovereign debt and default: does it matter who they think you are?
title_fullStr Sovereign debt and default: does it matter who they think you are?
title_full_unstemmed Sovereign debt and default: does it matter who they think you are?
title_sort Sovereign debt and default: does it matter who they think you are?
author Almeida, Renan Rabelo Holtz de
author_facet Almeida, Renan Rabelo Holtz de
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Weller, Leonardo
Rodrigues Junior, Mauro
dc.contributor.author.fl_str_mv Almeida, Renan Rabelo Holtz de
dc.contributor.advisor1.fl_str_mv Guimarães, Bernardo de Vasconcellos
contributor_str_mv Guimarães, Bernardo de Vasconcellos
dc.subject.eng.fl_str_mv Macroeconomics
Sovereign debt
Default
Uncertainty about types
topic Macroeconomics
Sovereign debt
Default
Uncertainty about types
Macroeconomia
Dívida soberana
Incerteza sobre tipos
Reputação
Economia
Dívida pública
Dívida externa
Macroeconomia
Mercado financeiro
dc.subject.por.fl_str_mv Macroeconomia
Dívida soberana
Incerteza sobre tipos
Reputação
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Dívida pública
Dívida externa
Macroeconomia
Mercado financeiro
description Embora sanções sejam relevantes para explicar decisões de default e variáveis econômicas relacionadas, reputação também importa nesse contexto. Nesse trabalho nós propomos uma extensão do modelo quantitativo de default padrão, o qual incorpora incerteza sobre tipos para destacar a importância da reputação. Nós concluímos que a reputação talvez desempenhe um papel para explicar os preços da dívida, níveis da dívida e decisões de default. Entretanto, há equilíbrios múltiplos no modelo e diferentes trajetórias para dívida e para default são possíveis.
publishDate 2019
dc.date.accessioned.fl_str_mv 2019-02-27T13:36:49Z
dc.date.available.fl_str_mv 2019-02-27T13:36:49Z
dc.date.issued.fl_str_mv 2019-02-15
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/26230
url http://hdl.handle.net/10438/26230
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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