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Endogenous Creditor Seniority and External Debt Values

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NBER1992-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4172
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A new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt during the late 1980s. We argue that this was the revenue maximizing response of
提供机构:
美国国家经济研究局
创建时间:
1992-09-01
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