• openAccess   Effects of external imbalances on GDP recovery patterns 

      Camarero, Mariam; Gadea Rivas, María Dolores; Gomez Loscos, Ana; Tamarit, Cecilio Elsevier (2020-03-04)
      A decade after the beginning of the Great Recession, flow external imbalances, measured by the current account (CA) have narrowed markedly. However, stock or net foreign assets (NFA) imbalances have kept increasing and ...
    • closedAccess   The macroeconomic effects of default and debt restructuring: An agent based exploration 

      Tedeschi, Gabriele; Vidal-Tomás, David; Delli Gatti, Domenico; GALLEGATI, MARCO Elsevier (2021-08-20)
      In this paper we investigate the economic impact of bank reactions to firm financial delinquency. In case of firm liquidity shortage, indeed, the bank commonly proposes two different solutions of debt restructuring to help ...