Lending to an Insecure Sovereign
收藏NBER1987-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2443
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资源简介：
This paper analyzes a reputational equilibrium for sovereign debt in a model in which the sovereign borrows to finance spending for defense against threats to its survival in power. In this model, the amount of sovereign debt and defense spending, the resulting survival probability, and the
提供机构：
美国国家经济研究局
创建时间：
1987-11-01
