Endogenous Creditor Seniority and External Debt Values
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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
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美国国家经济研究局创建时间：
1992-09-01
