Internal Debt Crises and Sovereign Defaults
收藏NBER2008-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13794
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资源简介：
In this paper, we use data from developing countries to argue that sovereign defaults are often caused by fiscal pressures generated by large-scale domestic defaults. We argue that these systemic domestic defaults are caused by shocks best interpreted as being non-fundamental. We construct a model
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美国国家经济研究局创建时间：
2008-02-01
