Rare Disasters, Financial Development, and Sovereign Debt
收藏NBER2018-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25031
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资源简介：
We propose a model of sovereign debt in which countries vary in their level of financial development, defined as the extent to which they can issue debt denominated in domestic currency in international capital markets. We show that low levels of financial development generate the debt intolerance
提供机构：
美国国家经济研究局
创建时间：
2018-09-01
