A Appendix I
Here we present sources for each of the variables used in the empirical analysis.
Aguiar, M. and G. Gopinath, 2006, “Defaultable Debt, Interest Rates and the Current Account,” Journal of International Economics, 26, pp. 64–83.
Aiolfi, M., L.A.V. Catão, and A. Timmermann, 2011, “Common Factors in Latin America’s Business Cycles”, Journal of Development Economics, 95, pp. 212–228.
Alfaro, Laura and Fabio Kanczuk, 2005, “Sovereign Debt as a Contigent Claim: A Quantitative Approach,” Journal of International Economics, 65(2), pp. 297–314.