The blue bond proposal in the presence of spillover effects
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/121886 |
Resumo: | I show that a Blue and Red Bonds format of debt mutualisation can be beneficial for the assistance-providing countries and that the benefit from joining such scheme depends positively on the size of a fixed default output cost and negatively on the threshold for the issuance of blue bonds .I assume the presence of spill over effects and compare the resources of Core, the fiscally responsible country in the union, under the Blue Bond scheme against the case of no debt mutualisation and show the difference between both schemes under different output shock realizations. I also present a formula for the expected difference in resources for both formats and solve the model for different values of the most relevant parameters. |
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The blue bond proposal in the presence of spillover effectsInterest ratesFiscal policyEurobondsSovereign debtDomínio/Área Científica::Ciências Sociais::Economia e GestãoI show that a Blue and Red Bonds format of debt mutualisation can be beneficial for the assistance-providing countries and that the benefit from joining such scheme depends positively on the size of a fixed default output cost and negatively on the threshold for the issuance of blue bonds .I assume the presence of spill over effects and compare the resources of Core, the fiscally responsible country in the union, under the Blue Bond scheme against the case of no debt mutualisation and show the difference between both schemes under different output shock realizations. I also present a formula for the expected difference in resources for both formats and solve the model for different values of the most relevant parameters.Silva, André CastroRUNMarcos, Daniel Henrique2021-07-31T16:11:06Z2021-01-142021-01-022021-01-14T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/121886TID:202743080enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:03:58Zoai:run.unl.pt:10362/121886Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:44:44.226215Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The blue bond proposal in the presence of spillover effects |
title |
The blue bond proposal in the presence of spillover effects |
spellingShingle |
The blue bond proposal in the presence of spillover effects Marcos, Daniel Henrique Interest rates Fiscal policy Eurobonds Sovereign debt Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The blue bond proposal in the presence of spillover effects |
title_full |
The blue bond proposal in the presence of spillover effects |
title_fullStr |
The blue bond proposal in the presence of spillover effects |
title_full_unstemmed |
The blue bond proposal in the presence of spillover effects |
title_sort |
The blue bond proposal in the presence of spillover effects |
author |
Marcos, Daniel Henrique |
author_facet |
Marcos, Daniel Henrique |
author_role |
author |
dc.contributor.none.fl_str_mv |
Silva, André Castro RUN |
dc.contributor.author.fl_str_mv |
Marcos, Daniel Henrique |
dc.subject.por.fl_str_mv |
Interest rates Fiscal policy Eurobonds Sovereign debt Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Interest rates Fiscal policy Eurobonds Sovereign debt Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
I show that a Blue and Red Bonds format of debt mutualisation can be beneficial for the assistance-providing countries and that the benefit from joining such scheme depends positively on the size of a fixed default output cost and negatively on the threshold for the issuance of blue bonds .I assume the presence of spill over effects and compare the resources of Core, the fiscally responsible country in the union, under the Blue Bond scheme against the case of no debt mutualisation and show the difference between both schemes under different output shock realizations. I also present a formula for the expected difference in resources for both formats and solve the model for different values of the most relevant parameters. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-07-31T16:11:06Z 2021-01-14 2021-01-02 2021-01-14T00:00:00Z |
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/10362/121886 TID:202743080 |
url |
http://hdl.handle.net/10362/121886 |
identifier_str_mv |
TID:202743080 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
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1799138054639714304 |