The U.S. Debt Restructuring of 1933: Consequences and Lessons
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https://www.nber.org/papers/w21694
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资源简介：
In 1933, the U.S. unilaterally restructured its debt by declaring that it would no longer honor the gold clause in Treasury securities. We study the effects of the abrogation of the gold clause on sovereign debt markets, the Treasury's ability to issue new debt, investors' willingness to hold
提供机构：
美国国家经济研究局
创建时间：
2015-11-01
