Search Results - "Mark L. J. Wright"

Journal Article

Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

by Lee E. Ohanian Paulina Restrepo-Echavarria Mark L. J. Wright Published in The American economic review (01.12.2018)

“...After World War II, international capital flowed into slow-growing Latin America rather than fast-growing Asia. This is surprising as, everything else equal,...”

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Journal Article

Urban Structure and Growth

by Esteban Rossi-Hansberg Mark L. J. Wright Published in The Review of economic studies (01.04.2007)

“...Most economic activity occurs in cities. This creates a tension between local increasing returns, implied by the existence of cities, and aggregate constant...”

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Journal Article

Establishment Size Dynamics in the Aggregate Economy

by Esteban Rossi-Hansberg Mark L. J. Wright Published in The American economic review (01.12.2007)

“...This paper presents a theory of establishment size dynamics based on the accumulation of industry-specific human capital that simultaneously rationalizes the...”

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Journal Article

Human Capital Risk, Contract Enforcement, and the Macroeconomy

by Tom Krebs Moritz Kuhn Mark L. J. Wright Published in The American economic review (01.11.2015)

“...We use microdata to show that young households with children are underinsured against the risk that an adult member of the household dies. This empirical...”

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Journal Article

Settlement games with rank-order payoffs and applications to sovereign debt restructuring

by Rohan Pitchford Mark L. J. Wright
edited by Arellano, Cristina Polemarchakis, Herakles Kehoe, Timothy J
Published in Economic theory (01.12.2017)

“...Consider a sovereign who must obtain agreement with all creditors in order to realize a gain from re-entering world capital markets. A simple game of...”

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Journal Article

The Costs of Financial Crises: Resource Misallocation, Productivity, and Welfare in the 2001 Argentine Crisis

by Guido Sandleris Mark L. J. Wright Published in The Scandinavian journal of economics (01.01.2014)

“...Financial crises in emerging market countries appear to be very costly: both output and a host of partial welfare indicators decline dramatically. The...”

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Journal Article

Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment

by ROHAN PITCHFORD MARK L. J. WRIGHT Published in The Review of economic studies (01.04.2012)

“...Why is it difficult to restructure sovereign debt in a timely manner? In this paper, we present a theory of the sovereign debt-restructuring process in which...”

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Journal Article

On the contribution of game theory to the study of sovereign debt and default

by Rohan Pitchford Mark L. J. Wright Published in Oxford review of economic policy (01.12.2013)

“...This paper reviews the lessons learned from the application of the tools of game theory to the theoretical study of sovereign debt and default. We focus on two...”

Journal Article

The stock of external sovereign debt: Can we take the data at ‘face value’?

by Dias, Daniel A Richmond, Christine Wright, Mark L.J Published in Journal of international economics (01.09.2014)

“...The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal repayments, face values are misleading...”

Journal Article

Empirical Research on Sovereign Debt and Default

by Tomz, Michael Wright, Mark L.J Published in Annual review of economics (02.08.2013)

“...In this article, we review the empirical literature about sovereign debt and default. As we survey the work of economists, historians, and political...”

Journal Article

Do Countries Default in "Bad Times"?

by Michael Tomz Mark L. J. Wright Published in Journal of the European Economic Association (01.04.2007)

“...This paper uses a new dataset to study the relationship between economic output and sovereign default for the period 1820-2004. We find a negative but...”

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Journal Article

Restructuring Venezuela’s Debt: Lessons from the Past and Implications for the Future

by Alvarez, Camilo Dias, Daniel A Wright, Mark L. J Published in The Journal of investing (31.08.2018)

“...Venezuela’s incipient sovereign debt restructuring is likely to be difficult for a number of legal and diplomatic reasons. This article discusses three...”

Journal Article

Private capital flows, capital controls, and default risk

by Wright, Mark L.J Published in Journal of international economics (2006)

“...What has been the effect of the shift in emerging market capital flows toward private sector borrowers? Are emerging market capital flows more efficient? If...”

eBook

Solutions Manual for Recursive Methods in Economic Dynamics

by IRIGOYEN, Claudio Rossi-Hansberg, Esteban Wright, Mark L. J
2003

“...This solutions manual is a valuable companion volume to the classic textbook "Recursive Methods in Economic Dynamics" by Nancy L. Stokey and Robert E. Lucas...”

Journal Article

Deconstructing delays in sovereign debt restructuring

by Benjamin, David Wright, Mark L J Published in Oxford economic papers (01.04.2019)

“...Abstract Negotiations to restructure sovereign debt are time consuming, taking almost a decade on average to resolve. In this paper, we analyse a class of...”

Journal Article

Interpreting the pari passu clause in sovereign bond contracts: it is all Hebrew (and Aramaic) to me

by Wright, M. L. J Published in Capital markets law journal (01.07.2014)

“...Notions of inter-creditor equity, equality and justice in the treatment of creditors in sovereign debt restructuring, and in the resolution of competing claims...”

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