Details about Aitor Erce

Access statistics for papers by Aitor Erce.

Last updated 2024-11-09. Update your information in the RePEc Author Service.

Short-id: per49

Working Papers

2024

1. Sovereign Defaults at Home and Abroad
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

2. A Journey in the History of Sovereign Defaults on Domestic-Law Public Debt
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
   Also in Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra, Departamento de Economía - Universidad Pública de Navarra (2021)
   Working Papers, European Stability Mechanism (2022) View citations (2)

2021

3. A Journey in the History of Sovereign Defaults on Domestic Law Public Debt, Sovereign Histories
   Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra, Departamento de Economía - Universidad Pública de Navarra
4. Fiscal multipliers and foreign holdings of public debt
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (10)
   Also in Working Papers, European Stability Mechanism (2018) View citations (17)
   Working Papers, Barcelona School of Economics (2018) View citations (15)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (14)
   Working Paper Series, European Central Bank (2019) View citations (10)
   See also Journal Article Fiscal Multipliers and Foreign Holdings of Public Debt, The Review of Economic Studies, Review of Economic Studies Ltd (2022) View citations (5) (2022)

2020

5. Quantifying Risks to Sovereign Market Access: Methods and Challenges
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas
   Also in Working Papers, European Stability Mechanism (2020)

2019

6. Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel
   IMF Working Papers, International Monetary Fund View citations (20)
   Also in Working Papers, European Stability Mechanism (2019) View citations (11)
7. Risk Management for Sovereign Debt Financing with Sustainability Conditions
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)

2018

8. Debt Sustainability and the Terms of Official Support
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
   Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2018) View citations (28)
9. Official Debt Restructurings and Development
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (12)
   See also Journal Article Official debt restructurings and development, World Development, Elsevier (2018) View citations (11) (2018)
10. Risk management for sovereign financing within a debt sustainability framework
    Working Papers, European Stability Mechanism View citations (2)
11. Selective Sovereign Defaults
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (21)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2012) View citations (16)
12. Skewed Credit and Growth Dynamics after the Global Financial Crisis
    Working Papers, eSocialSciences
    Also in ADB Economics Working Paper Series, Asian Development Bank (2018)
13. The Benefits of Reducing Hold-Out Risk: Evidence from the Euro CAC Experiment, 2013-2018
    Working Papers, European Stability Mechanism View citations (6)
    Also in MPRA Paper, University Library of Munich, Germany (2018) View citations (7)
    See also Journal Article The benefits of reducing holdout risk: evidence from the Euro CAC experiment, 2013–2018, Capital Markets Law Journal, Oxford University Press (2019) View citations (3) (2019)

2017

14. Debt Stocks Meet Gross Financing Needs: A Flow Perspective into Sustainability
    Working Papers, European Stability Mechanism View citations (17)
15. From Debt Collection to Relief Provision: 60 Years of Official Debt Restructurings through the Paris Club
    IDB Publications (Working Papers), Inter-American Development Bank
    Also in Working Papers, European Stability Mechanism (2017) View citations (15)
16. Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets
    Working Papers, European Stability Mechanism View citations (9)
    See also Journal Article Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets, IMF Economic Review, Palgrave Macmillan (2018) View citations (18) (2018)
17. Official Sector Lending Strategies During the Euro Area Crisis
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (12)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2017) View citations (13)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (10)
18. The Macroeconomic Effects of Official Debt Restructuring: Evidence from the Paris Club
    Working Papers, European Stability Mechanism View citations (19)
    See also Journal Article The macroeconomic effects of official debt restructuring: evidence from the Paris Club, Oxford Economic Papers, Oxford University Press (2019) View citations (10) (2019)

2015

19. Bank and sovereign risk feedback loops
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (9)
20. Catalytic IMF? A gross flows approach
    Working Papers, European Stability Mechanism View citations (14)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2015) View citations (4)
21. Gross Capital Flows: Dynamics and Crises
    Working Papers, Barcelona School of Economics View citations (18)
    Also in Working Papers, Banco de España (2011) View citations (46)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (42)
    Policy Research Working Paper Series, The World Bank (2011) View citations (24)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2012) View citations (29)
    See also Journal Article Gross capital flows: Dynamics and crises, Journal of Monetary Economics, Elsevier (2013) View citations (424) (2013)
22. International reserves and gross capital flow dynamics
    BIS Working Papers, Bank for International Settlements View citations (4)
    Also in Documentos de Discusión FLAR, Fondo Latino Americano de Reservas - FLAR (2014) View citations (3)
    See also Journal Article International reserves and gross capital flows dynamics, Journal of International Money and Finance, Elsevier (2016) View citations (50) (2016)
23. Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects
    Working Papers, Barcelona School of Economics View citations (21)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2013) View citations (22)
    Working Papers, Banco de España (2014) View citations (254)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (21)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (21)
    See also Journal Article Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects, Journal of Monetary Economics, Elsevier (2014) View citations (253) (2014)

2014

24. Bank crises and sovereign defaults in emerging markets: exploring the links
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (7)
25. Banking crises and sovereign defaults in emerging markets: exploring the links
    Working Papers, Banco de España View citations (12)
26. Banking on seniority: the IMF and the sovereign’s creditors
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)

2013

27. Secondary markets in turbulent times: distortions, disruptions and bailouts
    2013 Meeting Papers, Society for Economic Dynamics View citations (2)
28. Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out
    IMF Working Papers, International Monetary Fund View citations (23)
29. Sovereign debt crises: could an international court minimize them?
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas
30. Sovereign debt restructurings and the IMF: implications for future official interventions
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (5)

2012

31. Does the IMF's official support affect sovereign bonds maturities?
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (2)
32. Does the IMF´s official support affect sovereign bond maturities?
    Working Papers, Banco de España View citations (1)
33. International reserves and gross capital flows. Dynamics during financial stress
    Working Papers, Banco de España View citations (17)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2012) View citations (9)

2009

34. Sovereign risk and international portfolio dynamics
    2009 Meeting Papers, Society for Economic Dynamics

2008

35. A structural model of sovereign debt issuance: assessing the role of financial factors
    Working Papers, Banco de España View citations (10)
36. Measuring and explaining the volatility of capital flows towards emerging countries
    Working Papers, Banco de España View citations (13)
37. Recent episodes of sovereign debt restructurings. A case-study approach
    Occasional Papers, Banco de España View citations (31)
38. The role of the IMF in recent sovereign debt restructurings: Implications for the policy of lending into arrears
    Occasional Papers, Banco de España View citations (14)

2006

39. Using standstills to manage sovereign debt crises
    Working Papers, Banco de España

Journal Articles

2024

1. Costs of sovereign debt crises: Restructuring strategies and bank intermediation
   Journal of International Economics, 2024, 152, (C)

2023

2. SKEWED CREDIT AND GROWTH DYNAMICS
   The Singapore Economic Review (SER), 2023, 68, (02), 563-608

2022

3. Fiscal Multipliers and Foreign Holdings of Public Debt
   The Review of Economic Studies, 2022, 89, (3), 1155-1204 View citations (5)
   See also Working Paper Fiscal multipliers and foreign holdings of public debt, Economics Working Papers (2021) View citations (10) (2021)

2021

4. Risk Management for Sustainable Sovereign Debt Financing
   Operations Research, 2021, 69, (3), 755-773 View citations (3)

2020

5. Bank and sovereign risk pass‐through: Evidence from the euro area
   International Finance, 2020, 23, (1), 64-84
6. Official sector lending during the euro area crisis
   The Review of International Organizations, 2020, 15, (3), 667-705 View citations (6)
7. Restructuring the European Stability Mechanism
   Capital Markets Law Journal, 2020, 15, (3), 284-297

2019

8. The benefits of reducing holdout risk: evidence from the Euro CAC experiment, 2013–2018
   Capital Markets Law Journal, 2019, 14, (2), 155-177 View citations (3)
   See also Working Paper The Benefits of Reducing Hold-Out Risk: Evidence from the Euro CAC Experiment, 2013-2018, Working Papers (2018) View citations (6) (2018)
9. The macroeconomic effects of official debt restructuring: evidence from the Paris Club
   Oxford Economic Papers, 2019, 71, (2), 344-363 View citations (10)
   See also Working Paper The Macroeconomic Effects of Official Debt Restructuring: Evidence from the Paris Club, Working Papers (2017) View citations (19) (2017)

2018

10. Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets
    IMF Economic Review, 2018, 66, (4), 617-664 View citations (18)
    See also Working Paper Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets, Working Papers (2017) View citations (9) (2017)
11. Official debt restructurings and development
    World Development, 2018, 111, (C), 181-195 View citations (11)
    See also Working Paper Official Debt Restructurings and Development, Globalization Institute Working Papers (2018) View citations (12) (2018)

2016

12. International reserves and gross capital flows dynamics
    Journal of International Money and Finance, 2016, 60, (C), 151-171 View citations (50)
    See also Working Paper International reserves and gross capital flow dynamics, BIS Working Papers (2015) View citations (4) (2015)

2014

13. CROSS‐BORDER BANKING, EXTERNALITIES AND SOVEREIGN DISTRESS: DOES THE EURO NEED A COMMON BANKING AUTHORITY?
    International Journal of Finance & Economics, 2014, 19, (3), 188-203 View citations (5)
14. Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects
    Journal of Monetary Economics, 2014, 61, (C), 114-142 View citations (253)
    See also Working Paper Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects, Working Papers (2015) View citations (21) (2015)

2013

15. Gross capital flows: Dynamics and crises
    Journal of Monetary Economics, 2013, 60, (1), 113-133 View citations (424)
    See also Working Paper Gross Capital Flows: Dynamics and Crises, Working Papers (2015) View citations (18) (2015)

2012

16. El papel de las reservas internacionales en los períodos de inestabilidad financiera
    Boletín Económico, 2012, (JUL), 117-126

2011

17. El comportamiento de los flujos brutos de capital internacional y su respuesta en los períodos de crisis
    Boletín Económico, 2011, (FEB), 79-90
18. Measuring and explaining the volatility of capital flows to emerging countries
    Journal of Banking & Finance, 2011, 35, (8), 1941-1953 View citations (59)

2009

19. La política de «préstamos a países en mora» del FMI: lecciones de episodios recientes de reestructuración de deuda soberana
    Boletín Económico, 2009, (FEB), 105-117

2008

20. Factores asociados con la volatilidad de los flujos de capital hacia economías emergentes
    Boletín Económico, 2008, (DEC), 85-96
21. The Sources of Capital Flows Volatility: Empirical Evidence for Emerging Countries
    Money Affairs, 2008, XXI, (1), 93-128 View citations (4)

2007

22. Crisis de deuda soberana: ¿Qué papel puede jugar un Tribunal Internacional?
    Boletín Económico, 2007, (SEP), 119-129

Chapters

2024

1. Sovereign debt restructuring and the missing international coordination
   Chapter 3 in Fiscal Policy in a Turbulent Era, 2024, pp 39-57

2020

2. Maturity, seniority and size: Make sure the ESM’s pandemic crisis support is fit for purpose!
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 147-155 View citations (1)
3. Perpetual bonds are not the best way to finance the European Recovery Fund
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 221-229 View citations (2)
4. The ESM can finance the COVID fight now
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 135-146