Juan Carlos Hatchondo
Biographic Data
| ID | 2071880 |
|---|---|
| NAME | Juan Carlos Hatchondo |
| GIVEN NAMES | Juan Carlos |
| FAMILY NAME | Hatchondo |
| SIGNATURE | HATCHONDO J C |
| AFFILIATIONS | Federal Reserve Bank of Richmond |
| ORCID | 0000-0002-6847-6887 |
| VERIFIED | Yes |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 15 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2009 |
| LATEST PUBLICATION YEAR | 2016 |
| H-INDEX | 2 |
Debt Dilution and Sovereign Default Risk
We measure the effects of debt dilution on sovereign default risk and study debt covenants that could mitigate these effects. We calibrate a baseline model with endogenous debt duration and default risk (in which debt can be diluted) using data from Spain. We find that debt dilution accounts for 78 percent of the default risk in the baseline economy and that eliminating dilution increases the optimal duration of sovereign debt by almost 2 years. …
Long-duration bonds and sovereign defaults
Long-duration bonds and sovereign defaults
Debt Dilution and Sovereign Default Risk
We measure the effects of debt dilution on sovereign default risk and study debt covenants that could mitigate these effects. We calibrate a baseline model with endogenous debt duration and default risk (in which debt can be diluted) using data from Spain. We find that debt dilution accounts for 78 percent of the default risk in the baseline economy and that eliminating dilution increases the optimal duration of sovereign debt by almost 2 years. …
Long-duration bonds and sovereign defaults
Debt Dilution and Sovereign Default Risk
We measure the effects of debt dilution on sovereign default risk and study debt covenants that could mitigate these effects. We calibrate a baseline model with endogenous debt duration and default risk (in which debt can be diluted) using data from Spain. We find that debt dilution accounts for 78 percent of the default risk in the baseline economy and that eliminating dilution increases the optimal duration of sovereign debt by almost 2 years. …
Global Financial Crisis and Policies (2 works) · Banking stability, regulation, efficiency (1 works) · Credit Risk and Financial Regulations (1 works) · Debt (1 works) · Debt ratio (1 works) · Default (1 works) · Economics (1 works) · External debt (1 works) · Finance (1 works) · Finance (1 works)