H
Horacio Sapriza
Researcher at Federal Reserve System
Publications - 81
Citations - 2717
Horacio Sapriza is an academic researcher from Federal Reserve System. The author has contributed to research in topics: Sovereign default & Debt. The author has an hindex of 24, co-authored 76 publications receiving 2440 citations. Previous affiliations of Horacio Sapriza include Rutgers University & Federal Reserve Board of Governors.
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Code and data files for "Fiscal Policy and Default Risk in Emerging Markets"
TL;DR: In this article, all Matlab and C++ programs necessary to produce the results of the article were described and a spreadsheet with Mexican data was also provided, along with a spreadsheet containing Mexican data.
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Heterogeneous borrowers in quantitative models of sovereign default
TL;DR: In this article, the authors extend the model used in recent quantitative studies of sovereign default, allowing policymakers of different types to stochastically alternate in power, and show that a default episode may be triggered by a change in the type of policymaker in office, and that such a default is likely to occur only if there is enough political stability and if policymakers encounter poor economic conditions.
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Fiscal policy and default risk in emerging markets
TL;DR: In this paper, the authors developed a quantitative dynamic stochastic small open economy model with incomplete markets, endogenous fiscal policy and sovereign default where public expenditures and tax rates are optimally procyclical.
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Quantitative Properties of Sovereign Default Models: Solution Methods Matter
TL;DR: In this paper, the authors study the sovereign default model that has been used to account for the cyclical behavior of interest rates in emerging market economies and show that this method necessitates a large number of grid points to avoid generating spurious interestrate movements.
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Financial Frictions, Trade Credit, and the 2008-09 Global Financial Crisis
TL;DR: The authors studied the role of credit frictions in the severe contraction of trade and economic activity at the height of the 2008-09 global financial crisis, using firm-level data from six emerging market economies in Asia.