Sovereign Debt Buybacks Can Lower Bargaining Costs
收藏NBER1988-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2767
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I develop two models in which debt repurchases by highly indebted sovereign nations are advantageous for all parties. The models are based on the idea that when sovereign debts are large, bargaining costs are large. Creditors spend more resources convincing the debtor that they are tough when they
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美国国家经济研究局创建时间：
1988-11-01
