Debt Fragility and Bailouts
收藏NBER2012-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18377
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资源简介：
This paper studies debt fragility and the sharing of the resulting strategic uncertainty through ex post bailouts. Default arises in equilibrium because of both fundamental shocks and beliefs. The probability of default depends on borrowing rates and, in equilibrium, on the beliefs of lenders about
提供机构：
美国国家经济研究局
创建时间：
2012-09-01
