Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default
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https://www.nber.org/papers/w19477
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资源简介：
Europes debt crisis resembles historical episodes of outright default on domestic public debt about which little research exists. This paper proposes a theory of domestic sovereign default based on distributional incentives affecting the welfare of risk-averse debt- and non-debt holders. A
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美国国家经济研究局创建时间：
2013-09-01
