Welfare gains of bailouts in a sovereign default model

Debt with Potential Repudiation: Theoretical and Empirical Analysis

Jonathan Eaton, Mark Gersovitz · The Review of Economic Studies · 1981 · 2.6K citations

Social Sciences, Business Economics, Economics +16

Investment, Capacity Utilization and the Real Business Cycle

Jeremy Greenwood, Zvi Hercowitz · Scholarship@Western (Western University) · 1986 · 2.2K citations · Full text

Social Sciences, Business Economics, Economics +17

This time is different: eight centuries of financial folly

Choice Reviews Online · 2010 · 1.8K citations

Humanities, Finance, History +9

Finite state markov-chain approximations to univariate and vector autoregressions

George Tauchen · Economics Letters · 1986 · 1.6K citations

Engineering, Computer Science, Mathematics +10

From Financial Crash to Debt Crisis

Carmen Reinhart, Kenneth Rogoff · American Economic Review · 2011 · 1.5K citations · Full text

Public Affairs, Economics, Public Finance +17