Dealing with Destabilizing 'Market Discipline'
收藏NBER2004-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10533
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资源简介：
If interest rates (country spreads) rise, debt can rapidly be subject to a snowball effect, which then becomes self-fulfilling with regard to the fundamentals themselves. This is a market imperfection, because we cannot be confident that the unaided market will choose the good equilibrium' over the
提供机构：
美国国家经济研究局
创建时间：
2004-05-01
