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Sovereign Default and Tax-smoothing in the Shadow of Corruption and Institutional Weakness

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NBER2023-12-01 更新2025-01-04 收录
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Emerging countries exhibit volatile fiscal policies and frequent sovereign debt crises, that significantly diminish the well-being of their citizens. International advisors typically suggest developed-world solutions as a remedy. We argue that the root of the problem lies in the institutional

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2023-12-01
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