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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

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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.

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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

Last Update: September 21, 2020