The Twin Ds: Optimal Default and Devaluation
收藏NBER2014-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20314
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资源简介：
A salient characteristic of sovereign defaults is that they are typically accompanied by large devaluations. This paper presents new evidence of this empirical regularity known as the Twin Ds and proposes a model that rationalizes it as an optimal policy outcome. The model combines limited
提供机构：
美国国家经济研究局
创建时间：
2014-07-01
