A Constant Recontracting Model of Sovereign Debt
收藏NBER1986-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2088
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资源简介：
Few sovereign debtors have repudiated their obligations entirely. But despite the significant sanctions at the disposal of lenders, many borrowers have been able to consistently negotiate for reduced repayments. This paper presents a model of the on-going bargaining process that determines repayment
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美国国家经济研究局创建时间：
1986-12-01
