Por favor, use este identificador para citar o enlazar este ítem:
http://hdl.handle.net/10908/11930
Título : | Intergenerational conflict and international risk sharing |
Autor/a: | Gonzalez-Eiras, Martín |
Fecha de publicación : | sep-2010 |
Editor: | Universidad de San Andrés. Departamento de Economía |
Relación : | Documento de trabajo (Universidad de San Andrés. Departamento de Economía);106 |
Resumen : | Existing models of foreign debt and insurance capacityas sume that the costs and benefits of default are evenlydistributed across agents in the defaulting country. To studyho w tensions among different groups inside a countryaffect its sovereign risk management I consider an economyw hose agents differ in their life spans. This makes the cost and benefits of default to be different across generations. The countryis able to come up with a positive level of insurance bylink ing intergenerational transfers to the default decision of its citizens. This results is found both for the case of a Ramseyplanner who cares for all present and future generations, and when decisions are taken by majorityv ote among living generations. |
Descripción : | Fil: Gonzalez-Eiras, Martín. Universidad de San Andrés. Departamento de Economía; Argentina. |
URI : | http://hdl.handle.net/10908/11930 |
Aparece en las colecciones: | Documentos de Trabajo del Departamento de Economía |
Ficheros en este ítem:
Fichero | Descripción | Tamaño | Formato | |
---|---|---|---|---|
[P][W] doc106.pdf | 30 p. | 756.31 kB | Adobe PDF | Visualizar/Abrir |
Los ítems de DSpace están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.