Reputation and Sovereign Default
收藏NBER2018-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24682
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This paper presents a continuous-time model of sovereign debt. In it, a relatively impatient sovereign government's hidden type switches back and forth between a commitment type, which cannot default, and an optimizing type, which can default at any time, and assume outside lenders have particular
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美国国家经济研究局创建时间：
2018-06-01
