NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Self-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal

Mark Aguiar, Satyajit Chatterjee, Harold Cole, Zachary Stangebye

NBER Working Paper No. 23312
Issued in April 2017

---- Acknowledgments ----

We thank Manuel Amador for numerous discussions and suggestions throughout the process. We also thank seminar and conference participants; our discussants Giancarlo Corsetti, Ramon Marimon, Luigi Paciello, and Vivian Yue; and Fernando Alvarez, Stephen Morris, and Jesse Schreger for helpful comments. The views expressed here are those of the authors and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia, the Federal Reserve System, or the National Bureau of Economic Research.

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