Debt Write-Downs and Debt-Equity Swaps in the Two Sector Model
收藏NBER1989-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3121
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"Debt overhang" models have motivated the possibility of Pareto-improving "market-based debt-reduction schemes" under an assumption of creditor seizure in bad states. These models usually reach the conclusion that while pure debt forgiveness is in the interest of debtor nations, debt repurchase
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美国国家经济研究局创建时间：
1989-09-01
