Leonardo Martinez

International Monetary Fund (IMF) - IMF Institute

700 19 th Street NW

Washington, DC 20431

United States

http://works.bepress.com/leonardo_martinez/

SCHOLARLY PAPERS

37

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Top 3,229

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212

CROSSREF CITATIONS

211

Scholarly Papers (37)

1.

The Economics of Sovereign Defaults

FRB Richmond Economic Quarterly, vol. 93, no. 2, Spring 2007, pp. 163-187
Number of pages: 25 Posted: 09 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Board of Governors of the Federal Reserve System
Downloads 245 (155,653)
Citation 1

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2.

The Politics of Sovereign Defaults

FRB Richmond Economic Quarterly, vol. 96, no. 3, Third Quarter 2010, pp. 291-317
Number of pages: 27 Posted: 16 Dec 2012
Juan Carlos Hatchondo and Leonardo Martinez
Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 151 (240,542)
Citation 2

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Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model

FRB of St. Louis Working Paper No. 2011-019C
Number of pages: 54 Posted: 31 Aug 2011 Last Revised: 02 Aug 2014
Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sánchez
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 109 (309,047)

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mortgage, default, life cycle, recourse, LTV, house price, SIM

Mortgage Defaults

FRB Richmond Working Paper No. 11-05
Number of pages: 44 Posted: 18 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sánchez
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 21 (648,765)
Citation 1

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mortgage, default, life cycle, down payment, garnishment

Quantitative Properties of Sovereign Default Models: Solution Methods Matter

IMF Working Paper No. 10/100
Number of pages: 29 Posted: 26 Apr 2010
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Board of Governors of the Federal Reserve System
Downloads 103 (321,459)
Citation 8

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Asset management, Asset prices, Bonds, Business cycles, Credit risk, Economic models, Emerging markets, External borrowing, Interest rates, Sovereign debt

Quantitative Properties of Sovereign Default Models: Solution Methods Matter

FRB Richmond Working Paper No. 10-04
Number of pages: 33 Posted: 16 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Board of Governors of the Federal Reserve System
Downloads 26 (611,960)

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emerging economies, sovereign debt, default, numerical methods

5.

Debt Dilution and Sovereign Default Risk

Number of pages: 66 Posted: 03 Jul 2015 Last Revised: 07 Jul 2015
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and McMaster University - Faculty of Social Sciences
Downloads 123 (282,082)
Citation 17

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6.

On the Evolution of Income Inequality in the United States

FRB Richmond Economic Quarterly, Vol. 94, No. 2, Spring 2008, pp. 97-120
Number of pages: 24 Posted: 11 Dec 2012
Kevin A. Bryan and Leonardo Martinez
Virginia Commonwealth University (VCU) and International Monetary Fund (IMF) - IMF Institute
Downloads 113 (299,554)

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7.

Fiscal Rules and the Sovereign Default Premium

CAEPR Working Paper No. 010-2015
Number of pages: 44 Posted: 02 Jul 2015 Last Revised: 17 Dec 2015
Juan Carlos Hatchondo, Leonardo Martinez and Francisco Roch
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and International Monetary Fund (IMF)
Downloads 91 (345,770)
Citation 17

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Fiscal Rules, Debt Limit, Spread Limit, Default, Sovereign Default Premium, Countercyclical Policy, Endogenous Borrowing Constraints, Long-term Debt, Debt Dilution, Debt Tolerance

8.
Downloads 90 (348,199)
Citation 15

Mortgage Defaults

Number of pages: 40 Posted: 03 Jul 2015
Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sánchez
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 62 (435,180)
Citation 15

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mortgage, default, life cycle, recourse, LTV, housing price

Mortgage Defaults

FRB St Louis Paper No. 2011-019
Number of pages: 40 Posted: 20 Aug 2015
Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sánchez
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 28 (598,183)
Citation 1

Abstract:

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Mortgage loans, Default (Finance)

9.

Debt Dilution and Sovereign Default Risk

IMF Working Paper No. 11/70
Number of pages: 27 Posted: 05 Apr 2011
Juan Carlos Hatchondo, Leonardo Martinez and Cesar Sosa Padilla
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and University of Maryland
Downloads 84 (363,271)
Citation 14

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Bond markets, Bonds, Borrowing, Business cycles, Credit risk, Debt reduction, Economic models, Emerging markets, Interest rates on loans, Investment, Sovereign debt

10.

On the Benefits of GDP-Indexed Government Debt: Lessons from a Model of Sovereign Defaults

FRB Richmond Economic Quarterly, vol. 98, no. 2, Second Quarter 2012, pp. 139-157
Number of pages: 19 Posted: 20 Dec 2012
Juan Carlos Hatchondo and Leonardo Martinez
Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 76 (385,108)

Abstract:

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11.

Quantitative Models of Sovereign Default and the Threat of Financial Exclusion

FRB Richmond Economic Quarterly, vol. 93, no. 3, Summer 2007, pp. 251-286
Number of pages: 36 Posted: 09 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Board of Governors of the Federal Reserve System
Downloads 65 (419,105)

Abstract:

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12.

Legal Protection to Foreign Investors

FRB Richmond Economic Quarterly, vol. 97, no. 2, Second Quarter 2011, pp. 175-187
Number of pages: 13 Posted: 19 Dec 2012
Juan Carlos Hatchondo and Leonardo Martinez
Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 60 (436,339)

Abstract:

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13.

Fiscal Rules and the Sovereign Default Premium

IMF Working Paper No. NO.12/30
Number of pages: 28 Posted: 02 Feb 2012
Juan Carlos Hatchondo, Leonardo Martinez and Francisco Roch
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and University of Chicago
Downloads 56 (450,953)

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Fiscal Rules, Debt Ceiling, Fiscal Consolidation, Default, Sovereign Default Premium, Debt Exchange, Countercyclical Policy, Endogenous Borrowing Constraints, Long-term Debt, Debt Dilution, Debt Restructuring, Economic Models, Risk Premium, Sovereign Debt

14.

Debt Dilution and Sovereign Default Risk

FRB Richmond Working Paper No. 10-08R
Number of pages: 38 Posted: 16 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Cesar Sosa Padilla
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and University of Maryland
Downloads 54 (458,234)
Citation 10

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sovereign default, debt dilution, debt covenant, long-term debt, endogenous borrowing constraints

15.

Non-Defaultable Debt and Sovereign Risk

IMF Working Paper No. 14/198
Number of pages: 26 Posted: 22 Nov 2014
Juan Carlos Hatchondo, Leonardo Martinez and Yasin Kursat Onder
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and International Monetary Fund (IMF)
Downloads 43 (504,053)
Citation 2

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Sovereign debt defaults, Sovereign risk, Debt buyback arrangements, Eurobond markets, Bond issues, Econometric models, sovereign default, Eurobonds, red bonds, blue bonds, voluntary debt exchange, debt reduction, sovereign bonds, bondholders, debt exchanges, bond price, moral hazard, debt stock, long-term debt, bond prices, debt market, debt dynamics, risk-free interest rate, debt renegotiations, bond issuances, debt reductions, bond yield, central banks, short-term debt, term bonds, private sector creditors, financial institutions, debt contracts, present value, amount of debt, current account, financial stability, bond covenants, debt portfolio, safe bonds, long-term bonds, government debt

16.

Long-Duration Bonds and Sovereign Defaults (Revised July 2009)

FRB Richmond Working Paper No. 08-2R
Number of pages: 31 Posted: 11 Dec 2012
Juan Carlos Hatchondo and Leonardo Martinez
Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 42 (508,597)
Citation 83

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sovereign default, endogenous borrowing constraints, bond duration, debt dilution, Markov Perfect Equilibrium

17.

Reputation, Career Concerns, and Job Assignments

FRB Richmond Working Paper 06-01R
Number of pages: 32 Posted: 07 Dec 2012
Leonardo Martinez
International Monetary Fund (IMF) - IMF Institute
Downloads 41 (513,253)
Citation 4

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career concerns, job assignments, reputation, agency, learning, dynamic games

18.

International Reserves and Rollover Risk

FRB Richmond Working Paper No. 13-01R
Number of pages: 54 Posted: 02 Feb 2013 Last Revised: 17 Jul 2013
Javier Bianchi, Juan Carlos Hatchondo and Leonardo Martinez
Federal Reserve Banks - Federal Reserve Bank of Minneapolis, Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 39 (522,834)

Abstract:

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international reserves, global safe assets, rollover risk, sudden stops, sovereign default, gross capital flows

19.

Fiscal Rules and the Sovereign Default Premium

FRB Richmond Working Paper No. 12-01
Number of pages: 34 Posted: 20 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Francisco Roch
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and University of Chicago
Downloads 38 (527,716)
Citation 21

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fiscal rules, debt ceiling, fiscal consolidation, sovereign default, debt restructuring, countercyclical fiscal policy, endogenous borrowing constraints, long-term debt

20.

On the Design and Effectiveness of Targeted Expenditure Programs

IMF Working Paper No. 04/220
Number of pages: 14 Posted: 09 Feb 2006
Ehtisham Ahmad and Leonardo Martinez
International Monetary Fund (IMF) and International Monetary Fund (IMF) - IMF Institute
Downloads 36 (537,658)

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Fiscal federalism, special purpose transfers

21.

Mortgage Defaults

IMF Working Paper No. NO.12/26
Number of pages: 33 Posted: 02 Feb 2012
Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sánchez
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 33 (553,493)

Abstract:

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Mortgage, Default, Life Cycle, Down Payment, Garnishment, Bankruptcy, Economic Models, Housing Prices

22.

A Theory of Political Cycles

FRB Richmond Working Paper No 05-04R
Number of pages: 31 Posted: 06 Dec 2012
Leonardo Martinez
International Monetary Fund (IMF) - IMF Institute
Downloads 27 (588,332)
Citation 4

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political cycles, career concerns, reputation, agency, dynamic games, elections

23.

International Reserves and Rollover Risk

IMF Working Paper No. 13/33
Number of pages: 41 Posted: 22 Feb 2013
Javier Bianchi, Juan Carlos Hatchondo and Leonardo Martinez
Federal Reserve Banks - Federal Reserve Bank of Minneapolis, Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 25 (601,230)

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gross capital flows, international reserves, rollover risk, sovereign default, sudden stops

24.

Are We Working Too Hard or Should We Be Working Harder? A Simple Model of Career Concerns

FRB Richmond Economic Quarterly, vol. 92, no. 1, Winter 2006, pp. 79-91
Number of pages: 13 Posted: 07 Dec 2012
Andrew T. Foerster and Leonardo Martinez
Federal Reserve Banks - Federal Reserve Bank of San Francisco and International Monetary Fund (IMF) - IMF Institute
Downloads 22 (621,576)

Abstract:

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25.

Sudden Stops, Time Inconsistency, and the Duration of Sovereign Debt

IMF Working Paper No. 13/174
Number of pages: 18 Posted: 08 Aug 2013
Juan Carlos Hatchondo and Leonardo Martinez
Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 21 (628,462)
Citation 3

Abstract:

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Sovereign debt, Borrowing, Economic models, sovereign debt, default, sudden stops, debt dilution, time inconsistency, debt maturity, bond, bonds, sovereign debt, sovereign default, bond price, debt obligations, long-term debt, debt maturity, sovereign bonds, reserve bank, debt renegotiation, debt contracts, access to debt, sovereign defaults, access to debt markets, debt default, debt renegotiations, term bonds, long-term bonds, international lending, debt management, government bond, international reserves, short-term debt, term bond, bond prices, sovereign debt renegotiations, risk-free interest rate, debt problems, debt crises

26.

Why Could Political Incentives Be Different During Election Times?

FRB Richmond Economic Quarterly, vol. 95, no. 3, Summer 2009, pp. 315-334
Number of pages: 20 Posted: 13 Dec 2012
Leonardo Martinez
International Monetary Fund (IMF) - IMF Institute
Downloads 16 (664,127)

Abstract:

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27.

Sovereign Debt Standstills

IMF Working Paper No. 2020/290
Number of pages: 28 Posted: 26 Jan 2021
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and University of Notre Dame
Downloads 14 (679,167)

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28.

Sovereign Debt Standstills

NBER Working Paper No. w28292
Number of pages: 27 Posted: 04 Jan 2021 Last Revised: 20 Jul 2021
Juan Hatchondo, Leonardo Martinez and César Sosa‐Padilla
University of Western Ontario, International Monetary Fund (IMF) - IMF Institute and University of Notre Dame
Downloads 14 (679,167)

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Heterogeneous Borrowers in Quantitative Models of Sovereign Default

FRB Richmond Working Paper No. 07-01R
Number of pages: 41 Posted: 09 Dec 2012
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Board of Governors of the Federal Reserve System
Downloads 12 (721,334)
Citation 1

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sovereign default, political risk, endogenous borrowing constraints, Markov-perfect equilibrium

Heterogeneous Borrowers in Quantitative Models of Sovereign Default

International Economic Review, Vol. 50, No. 4, pp. 1129-1151, November 2009
Number of pages: 23 Posted: 28 Oct 2009
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and Board of Governors of the Federal Reserve System
Downloads 2 (809,377)
Citation 4
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30.

International Reserves and Rollover Risk

NBER Working Paper No. w18628
Number of pages: 62 Posted: 30 Dec 2012
Javier Bianchi, Juan Carlos Hatchondo and Leonardo Martinez
Federal Reserve Banks - Federal Reserve Bank of Minneapolis, Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 13 (686,865)
Citation 20

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31.

Constrained Efficient Borrowing with Sovereign Default Risk

IMF Working Paper No. 20/227
Number of pages: 62 Posted: 05 Jan 2021
Juan Carlos Hatchondo, Leonardo Martinez and Francisco Roch
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and International Monetary Fund (IMF)
Downloads 12 (694,690)

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32.

Sudden Stops, Time Inconsistency, and the Duration of Sovereign Debt

FRB Richmond Working Paper No. 13-08
Number of pages: 18 Posted: 17 Jul 2013
Juan Carlos Hatchondo and Leonardo Martinez
Indiana University Bloomington and International Monetary Fund (IMF) - IMF Institute
Downloads 10 (710,212)

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sovereign debt, default, sudden stops, debt dilution, time inconsistency, debt maturity

33.

Intertemporal Competition and Aid

Economics & Politics, Vol. 23, No. 1, pp. 74-87, 2011
Number of pages: 14 Posted: 01 Mar 2011
Ehtisham Ahmad and Leonardo Martinez
affiliation not provided to SSRN and International Monetary Fund (IMF) - IMF Institute
Downloads 1 (786,430)
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34.

Quantitative Properties of Sovereign Default Models: Solution Methods Matter

FRB Richmond Working Paper No. 10-4
Posted: 09 Jul 2021 Last Revised: 20 Aug 2021
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and affiliation not provided to SSRN
Downloads 0

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35.

On the Cyclicality of the Interest Rate in Emerging Economy Models: Solution Methods Matter

FRB Richmond Working Paper No. 09-13
Posted: 06 Jul 2021 Last Revised: 20 Aug 2021
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and affiliation not provided to SSRN

Abstract:

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36.

Computing Business Cycles in Emerging Economy Models

FRB Richmond Working Paper No. 06-11
Posted: 06 Jul 2021 Last Revised: 20 Aug 2021
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and affiliation not provided to SSRN

Abstract:

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37.

Heterogeneous Borrowers in Quantitative Models of Sovereign Default

FRB Richmond Working Paper No. 07-1
Posted: 06 Jul 2021 Last Revised: 20 Aug 2021
Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Indiana University Bloomington, International Monetary Fund (IMF) - IMF Institute and affiliation not provided to SSRN

Abstract:

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