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Avoiding Sovereign Default Contagion: A Normative Analysis, Accessible Data

Figure 1. Contagion. Panel A: Price Schedule

Domestic Share of Gov't Debt

b'_{O} (X_axis) q_{O} q_{O}:P in autarky
0.0000 1.6087 1.3335
0.0107 1.5374 1.2796
0.0214 1.4711 1.2279
0.0321 1.4132 1.1804
0.0429 1.3424 1.1197
0.0536 1.2398 1.0262
0.0643 1.1351 0.9019
0.0750 0.8196 0.6470
0.0750 0.8196 0.6470
0.0786 0.8098 0.6259
0.0821 0.7564 0.5861
0.0857 0.7501 0.4106
0.0893 0.7073 0.3845
0.0929 0.4929 0.2798
0.0964 0.4647 0.2628
0.1000 0.3358 0.2068
0.1036 0.3319 0.2015
0.1071 0.3141 0.1236
0.1107 0.2524 0.0678
0.1143 0.2368 0.0654
0.1179 0.0820 0.0556
0.1214 0.0800 0.0417
0.1250 0.0705 0.0141
0.1286 0.0701 0.0138
0.1321 0.0662 0.0102
0.1357 0.0176 0.0034
0.1393 0.0175 0.0034
0.1429 0.0041 0.0032
0.1464 0.0041 0.0027
0.1500 0.0043 0.0001
Figure 1. Contagion. Panel B: Default Area

Legend: 3=Def. 1=Def: P in Autarky. 0=No Def.

y_{O} (Y-axis)\b-{O} (X-axis) 0 0.010714286 0.021428571 0.032142857 0.042857143 0.053571429 0.064285714 0.075 0.075 0.078571429 0.082142857 0.085714286 0.089285714 0.092857143 0.096428571 0.1 0.103571429 0.107142857 0.110714286 0.114285714 0.117857143 0.121428571 0.125 0.128571429 0.132142857 0.135714286 0.139285714 0.142857143 0.146428571 0.15
-0.134960768 0 0 0 0 0 0 1 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
-0.104969486 0 0 0 0 0 0 0 0 0 0 0 1 1 1 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
-0.074978205 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 3 3 3 3 3 3 3 3 3
-0.044986923 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 3
-0.014995641 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.014995641 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.044986923 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.074978205 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.104969486 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.134960768 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

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Last Update: September 21, 2020