References
- Ağca, Ş., Celasun, O., 2012. Sovereign debt and corporate borrowing costs in emerging markets. Journal of International Economics 88, 198–208. 10.1016/j.jinteco.2012.02.009
- Aizenman, J., Chinn, M.D., Ito, H., 2008. Assessing the Emerging Global Financial Architecture: Measuring the Trilemma’s Configurations over Time (NBER Working Paper No. 14533). National Bureau of Economic Research, Inc.
- Arteta, C., Hale, G., 2008. Sovereign debt crises and credit to the private sector. Journal of International Economics 74, 53–69. 10.1016/j.jinteco.2007.05.008
- Cantillo, M., Wright, J., 2000. How Do Firms Choose Their Lenders? An Empirical Investigation. Review of Financial Studies 13, 155–189. 10.1093/rfs/13.1.155
- Cavallo, E.A., Valenzuela, P., 2010. The determinants of corporate risk in emerging markets: an option-adjusted spread analysis. International Journal of Finance & Economics 15, 59–74.
- Celasun, O., Harms, P., 2011. Boon Or Burden? The Effect Of Private Sector Debt On The Risk Of Sovereign Default In Developing Countries. Economic Inquiry 49, 70–88. 10.1111/j.1465-7295.2010.00267.x
- Chemmanur, T.J., Fulghieri, P., 1994. Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt. Review of Financial Studies 7, 475–506. 10.1093/rfs/7.3.475
- Cole, H.L., Kehoe, P.J., 1998. Models of Sovereign Debt: Partial versus General Reputations. International Economic Review 39, 55–70.
- Cole, H.L., Kehoe, P.J., 1995. The role of institutions in reputation models of sovereign debt. Journal of Monetary Economics 35, 45–64.
- Dailami, M., 2010. Sovereign debt distress and corporate spillover impacts (Policy Research Working Paper Series No. 5380). The World Bank.
- Denis, D.J., Mihov, V.T., 2003. The choice among bank debt, non-bank private debt, and public debt: evidence from new corporate borrowings. Journal of Financial Economics 70, 3–28. 10.1016/S0304-405X(03)00140-5
- Eaton, J., 1996. Sovereign Debt, Reputation and Credit Terms. International Journal of Finance & Economics 1, 25–35.
- Eaton, J., Gersovitz, M., 1981. Debt with Potential Repudiation: Theoretical and Empirical Analysis. Review of Economic Studies 48, 289–309.
- Jordà, Ò., Schularick, M.H., Taylor, A.M., 2013. Sovereigns versus Banks: Credit, Crises, and Consequences (NBER Working Paper No. 19506). National Bureau of Economic Research, Inc.
- Klein, C., Stellner, C., 2014. Does sovereign risk matter? New evidence from eurozone corporate bond ratings and zero-volatility spreads. Review of Financial Economics 23, 64–74.
- Kohlscheen, E., O’Connell, S.A., 2007. Trade Credit, International Reserves and Sovereign Debt (The Warwick Economics Research Paper Series (TWERPS) No. 833). University of Warwick, Department of Economics.
- Mendoza, E.G., Yue, V.Z., 2012. A General Equilibrium Model of Sovereign Default and Business Cycles. The Quarterly Journal of Economics 127, 889–946.
- Peter, M., Grandes, M., 2005. How Important Is Sovereign Risk in Determining Corporate Default Premia? The Case of South Africa (IMF Working Paper No. 05/217). International Monetary Fund.
- Royston, P., and Sauerbrei, W. (2008). Multivariable Model-building: A pragmatic approach to regression analysis based on fractional polynomials for modelling continuous variables New York: Wiley Series in Probability and Statistics, Wiley.
- Trebesch, C., 2009. The Cost of Aggressive Sovereign Debt Policies: How Much is the private Sector Affected? IMF Working Papers 09, 1. 10.5089/9781451871760.001
- Trebesch, C., Papaioannou, M.G., Das, U.S., 2012. Sovereign Debt Restructurings 1950–2010: Literature Survey, Data, and Stylized Facts (IMF Working Paper No. 12/203). International Monetary Fund.
- Yue, V.Z., Mendoza, E.G., 2011. A General Equilibrium Model of Sovereign Default and Business Cycles (IMF Working Paper No. 11/166). International Monetary Fund.