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LDC Debt in the 1980s: Risk and Reforms

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NBER1982-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0861
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With the rapid increase in LDC indebtedness in the recent decade, the issues of creditworthiness and country risk have gained new importance. This paper offers a theoretical and historical analysis of international capital markets in the presence of default risk. The theoretical model suggests the
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1982-02-01
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