ETD

Archivio digitale delle tesi discusse presso l’Università di Pisa

Tesi etd-05232018-163415

Tipo di tesi

Tesi di laurea magistrale

URN

etd-05232018-163415

Titolo

Incentive to Sovereign Debt Default in a Small Open Economy with International Labor Outflows Supervisor; Mauro Sodini

Dipartimento

ECONOMIA E MANAGEMENT

Corso di studi

ECONOMICS

Parole chiave

Default Model
Macroeconomics
Sovereign Debt

Data inizio appello

11/06/2018

Consultabilità

Completa

Riassunto (Inglese)

Riassunto (Italiano)

Over the last few years, the sovereign debt crisis in Puerto Rico has associated with a large number of international labor outflows. To formalize these facts, I develop a simple model by modifying the endowment model of sovereign debt (Eaton and Gersovitz 1981) to explain how sovereign debt crisis can be affected by international labor outflows. The result shows that given a level of output, higher stock of the labor outflows, higher probability of sovereign debt default.

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