New Research

Macera, Marcet, Nicolini: On the Risk of Leaving the Euro

On the Risk of Leaving the EuroManuel MaceraAlbert MarcetJuan Pablo NicoliniAugust 2019 | Federal Reserve Bank of Minneapolis Working Paper 760 Following the sovereign debt crisis of 2012, some southern European countries have debated proposals to leave the Euro. We...

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Arellano, Mateos-Planas, Rios-Rull: Partial Default

Partial Default Cristina Arellano, Assistant Director and Monetary Advisor Xavier Mateos-Planas José-Víctor Ríos-Rull July 9, 2019 | Federal Reserve Bank of Minneapolis Staff Report 589 In the data sovereign default is always partial and varies in its duration. Debt...

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