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Towards a Political-Economic Theory of Domestic Debt

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NBER1997-01-01 更新2025-01-04 收录
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A political-economic model of the composition of government debt, that is, whether it is issued to domestic or foreign holders, is presented. The key determinant will be the political constraints on repudiation of foreign and domestic debt, which will determine the nature of the domestic political

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1997-01-01
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