 | Managing Credit Bubbles Author/Editor: Alberto Martin, Jaume Ventura. Release Date:June, 2014 We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output are too low. In this environment, changes in investor sentiment or market more...
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 | Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Author/Editor: Fernando Broner, Aitor Erce, Alberto Martin, Jaume Ventura. Release Date:December, 2013 In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then thefinancial crisis erupted and pushed them into deep recessions, raising their deficits and more...
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