Author/Editor: Gabriel Desgranges, Celine Rochon.

Release Date:September, 2014

We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under uncertainty. The Sovereign faces a trade-off between a future costly default and a more...

Author/Editor: Celine Rochon, Gabriel Desgranges.

Release Date:February, 2011

We study a model where investment decisions are based on investors’ information about the unknown and endogenous return of the investment. The information of investors consists of endogenously more...