Sovereign-Debt

Online First Quarterly Journal of Economics 12 May 2026

International Reserve Management Under Rollover Crises

Mauricio Barbosa-Alves · Javier Bianchi · César Sosa-Padilla

The paper extends the Cole-Kehoe (2000) sovereign rollover crisis model to include international reserves and derives the joint optimal management of sovereign debt and reserves in a small open …

International Finance Sovereign Debt Financial Stability Free Read ↗

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