{"id":"https://openalex.org/W3113916564","doi":"https://doi.org/10.1142/s0219525920500101","title":"SOVEREIGN DEFAULT CONTAGION AND MONETARY POLICY IN AN AGENT-BASED MODEL","display_name":"SOVEREIGN DEFAULT CONTAGION AND MONETARY POLICY IN AN AGENT-BASED MODEL","publication_year":2020,"publication_date":"2020-06-01","ids":{"openalex":"https://openalex.org/W3113916564","doi":"https://doi.org/10.1142/s0219525920500101","mag":"3113916564"},"language":"en","primary_location":{"id":"doi:10.1142/s0219525920500101","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s0219525920500101","pdf_url":null,"source":{"id":"https://openalex.org/S107361000","display_name":"Advances in Complex Systems","issn_l":"0219-5259","issn":["0219-5259","1793-6802","1793-9615","1793-9623"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Advances in Complex Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101922911","display_name":"Jo\u00e3o Silvestre","orcid":"https://orcid.org/0000-0003-0783-1109"},"institutions":[{"id":"https://openalex.org/I141596103","display_name":"University of Lisbon","ror":"https://ror.org/01c27hj86","country_code":"PT","type":"education","lineage":["https://openalex.org/I141596103"]},{"id":"https://openalex.org/I3133160195","display_name":"Instituto Superior de Gest\u00e3o","ror":"https://ror.org/05mnej980","country_code":"PT","type":"education","lineage":["https://openalex.org/I3133160195"]}],"countries":["PT"],"is_corresponding":true,"raw_author_name":"JO\u00c3O SILVESTRE","raw_affiliation_strings":["Research Unit on Complexity and Economics (UECE), Instituto Superior de Economia e Gest\u00e3o, University of Lisbon, Lisbon, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Unit on Complexity and Economics (UECE), Instituto Superior de Economia e Gest\u00e3o, University of Lisbon, Lisbon, Portugal","institution_ids":["https://openalex.org/I3133160195","https://openalex.org/I141596103"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5101922911"],"corresponding_institution_ids":["https://openalex.org/I141596103","https://openalex.org/I3133160195"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.25820678,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"23","issue":"04","first_page":"2050010","last_page":"2050010"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9998000264167786,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9998000264167786,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.9927999973297119,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/default","display_name":"Default","score":0.8399232029914856},{"id":"https://openalex.org/keywords/sovereign-default","display_name":"Sovereign default","score":0.778516948223114},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.6592690944671631},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.6196423172950745},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"Monetary policy","score":0.5128279328346252},{"id":"https://openalex.org/keywords/quantitative-easing","display_name":"Quantitative easing","score":0.481425017118454},{"id":"https://openalex.org/keywords/sovereignty","display_name":"Sovereignty","score":0.47393518686294556},{"id":"https://openalex.org/keywords/ex-ante","display_name":"Ex-ante","score":0.4502142071723938},{"id":"https://openalex.org/keywords/sovereign-debt","display_name":"Sovereign debt","score":0.43245425820350647},{"id":"https://openalex.org/keywords/interest-rate","display_name":"Interest rate","score":0.42584118247032166},{"id":"https://openalex.org/keywords/central-bank","display_name":"Central bank","score":0.3041813373565674},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.25991350412368774},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.17271950840950012}],"concepts":[{"id":"https://openalex.org/C69637215","wikidata":"https://www.wikidata.org/wiki/Q702362","display_name":"Default","level":2,"score":0.8399232029914856},{"id":"https://openalex.org/C2778782394","wikidata":"https://www.wikidata.org/wiki/Q1092023","display_name":"Sovereign default","level":5,"score":0.778516948223114},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6592690944671631},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6196423172950745},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5128279328346252},{"id":"https://openalex.org/C29185160","wikidata":"https://www.wikidata.org/wiki/Q874727","display_name":"Quantitative easing","level":4,"score":0.481425017118454},{"id":"https://openalex.org/C186229450","wikidata":"https://www.wikidata.org/wiki/Q42008","display_name":"Sovereignty","level":3,"score":0.47393518686294556},{"id":"https://openalex.org/C122251271","wikidata":"https://www.wikidata.org/wiki/Q940039","display_name":"Ex-ante","level":2,"score":0.4502142071723938},{"id":"https://openalex.org/C2994482091","wikidata":"https://www.wikidata.org/wiki/Q12695","display_name":"Sovereign debt","level":4,"score":0.43245425820350647},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.42584118247032166},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.3041813373565674},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.25991350412368774},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17271950840950012},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1142/s0219525920500101","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s0219525920500101","pdf_url":null,"source":{"id":"https://openalex.org/S107361000","display_name":"Advances in Complex Systems","issn_l":"0219-5259","issn":["0219-5259","1793-6802","1793-9615","1793-9623"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Advances in Complex Systems","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:wsi:acsxxx:v:23:y:2020:i:04:n:s0219525920500101","is_oa":false,"landing_page_url":"http://www.worldscientific.com/doi/abs/10.1142/S0219525920500101","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":21,"referenced_works":["https://openalex.org/W1987601225","https://openalex.org/W1988153299","https://openalex.org/W2011934526","https://openalex.org/W2032540072","https://openalex.org/W2080110320","https://openalex.org/W2102707025","https://openalex.org/W2106663796","https://openalex.org/W2128180562","https://openalex.org/W2139400178","https://openalex.org/W2139683294","https://openalex.org/W2145304955","https://openalex.org/W2187312860","https://openalex.org/W2568767495","https://openalex.org/W2914157958","https://openalex.org/W3121715567","https://openalex.org/W3122161814","https://openalex.org/W3125156562","https://openalex.org/W3125835239","https://openalex.org/W4230437101","https://openalex.org/W4248503640","https://openalex.org/W4298015762"],"related_works":["https://openalex.org/W2056733792","https://openalex.org/W2160682037","https://openalex.org/W4235793196","https://openalex.org/W3021991596","https://openalex.org/W4200310189","https://openalex.org/W3123746533","https://openalex.org/W4220991676","https://openalex.org/W2257994605","https://openalex.org/W3121436632","https://openalex.org/W3123700626"],"abstract_inverted_index":{"Sovereign":[0],"default":[1,55,95],"contagion":[2,56,96],"was":[3],"one":[4],"of":[5,36],"the":[6,11,18,21,34,37,40],"most":[7],"debated":[8],"topics":[9],"during":[10],"Eurozone":[12],"sovereign":[13,54,117],"debt":[14],"crisis.":[15],"Despite":[16],"all":[17],"improvements":[19],"in":[20,62,115],"financial":[22],"situation":[23],"since":[24],"2010,":[25],"namely":[26],"after":[27],"European":[28],"Central":[29],"Bank":[30],"quantitative":[31,124],"easing":[32,125],"policies,":[33],"nature":[35],"problem":[38],"and":[39,74,78,102,105,123],"policy":[41,60,108],"prescriptions":[42],"are":[43],"still":[44],"under":[45],"dispute":[46],"today.":[47],"Using":[48],"an":[49],"agent-based":[50],"model,":[51],"we":[52],"simulate":[53],"for":[57],"different":[58,70],"monetary":[59,107],"options":[61],"a":[63,99,111],"world":[64],"where":[65,79],"governments":[66],"have":[67,110],"random":[68],"incomes,":[69],"heterogeneous":[71],"borrowing":[72],"behaviors":[73],"risk":[75],"aversion":[76],"levels":[77],"countries":[80],"can":[81,97,109],"enter":[82],"into":[83],"ex-ante":[84],"agreements":[85],"to":[86],"protect":[87],"themselves":[88],"against":[89],"default.":[90],"Our":[91],"simulations":[92],"showed":[93],"that":[94,106],"be":[98],"very":[100,112],"fast":[101],"\u201cdestructive\u201d":[103],"process,":[104],"important":[113],"role":[114],"preventing":[116],"defaults":[118],"through":[119],"zero":[120],"interest":[121],"rate":[122],"policies.":[126]},"counts_by_year":[],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}