Sovereign Debt Restructurings: Panacea or Pangloss?
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The most widely proposed LDC debt plans are flawed by their failure to recognize the fundamental differences between corporate and sovereign debt. Consequently, many plans intended to help highly-indebted countries mainly aid their foreign creditors. This paper emphasizes the crucial distinction
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美国国家经济研究局创建时间：
1988-06-01
