TY  - JOUR
AU  - Rose,Andrew K.
AU  - Spiegel,Mark M.
TI  - A Gravity Model of Sovereign Lending: Trade, Default and Credit
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9285
PY  - 2002
Y2  - October 2002
UR  - http://www.nber.org/papers/w9285
L1  - http://www.nber.org/papers/w9285.pdf
N1  - Author contact info:
Andrew K. Rose
Haas School of Business Administration
University of California, Berkeley
Berkeley, CA 94720-1900
Tel: 510/642-6609
Fax: 510/642-4700
E-Mail: arose@haas.berkeley.edu

Mark M. Spiegel
Federal Reserve Bank of San Francisco
101 Market Street
San Francisco, CA 94105
E-Mail: mark.spiegel@sf.frb.org
AB  - One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this  intuition, then test and corroborate this idea.
ER  -