LDC Borrowing with Default Risk
收藏NBER1982-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0925
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资源简介：
This paper presents a theoretical model to describe the effects of default risk on international lending to LDC sovereign borrowers. The threat of defaults in international lending is shown to give rise to many characteristics of the syndicated loan market: (1) quantity rationing of loans; (2) LDC
提供机构：
美国国家经济研究局
创建时间：
1982-07-01
