Confidence Crises and Public Debt Management
收藏NBER1989-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2926
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资源简介：
Under free capital mobility, confidence crises can result in devaluations even when fixed exchange rates are viable, if fiscal authorities can obtain temporary money financing. During a crisis, domestic interest rates increase reflecting the expected devaluation. Rather than selling debt at punitive
提供机构：
美国国家经济研究局
创建时间：
1989-04-01
