Renegotiation in Debt Chains
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下载链接：
https://www.nber.org/papers/w27883
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资源简介：
We develop a tractable model of strategic debt renegotiation in which businesses are sequentially interconnected through their liabilities. This financing structure, which we refer to as a debt chain, gives rise to externalities as a lenders willingness to provide concessions to his privately
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
