Growth and External Debt Under Risk of Debt Repudiation
收藏NBER1985-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1703
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资源简介：
We analyze the pattern of growth of a nation which borrows abroad and which has the option of repudiating its foreign debt. We show that the equilibrium strategy of competitive lenders is to make the growth of the foreign debt contingent on the growth of the borrowing country. We give a closed-form
提供机构：
美国国家经济研究局
创建时间：
1985-09-01
