Natural Resources and Sovereign Risk in Emerging Economies: A Curse and a Blessing
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Emerging economies that are large oil producers have sizable external debt, their sovereign risk rises when oil prices fall, and many of them have defaulted in the past. Interestingly, oil output reduces country risk on impact and in the long-run, but oil reserves increase it in the long-run and
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美国国家经济研究局创建时间：
2023-03-01
