A Fiscal Theory of Sovereign Risk
收藏NBER2002-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9221
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资源简介：
This paper presents a fiscal theory of sovereign risk and default. Under certain monetary-fiscal regimes, the risk of default, and thus the emergence of sovereign risk premia, are inevitable. The paper characterizes the equilibrium processes of the sovereign risk premium and the default rate under a
提供机构：
美国国家经济研究局
创建时间：
2002-09-01
