Uncertainty and the Disappearance of International Credit
收藏NBER1999-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7389
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We show that increased uncertainty about the size of an emerging market's external debt has a nonlinear and potentially large adverse effect on the supply of international credit offered to them. We also show that if international creditors are first- order risk averse, attaching greater weight to
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美国国家经济研究局创建时间：
1999-10-01
