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Sovereign Debt: A Review

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NBER2013-08-01 更新2025-01-04 收录
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In this chapter, we use a benchmark limited-commitment model to explore key issues in the economics of sovereign debt. After highlighting conceptual issues that distinguish sovereign debt as well as reviewing a number of empirical facts, we use the model to discuss debt overhang, risk sharing, and

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2013-08-01
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