Take the Short Route: Equilibrium Default and Debt Maturity
收藏NBER2016-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22847
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资源简介：
We study the interactions between sovereign debt default and maturity choice in a setting with limited commitment for repayment as well as future debt issuances. Our main finding is that under a wide range of conditions the sovereign should, as long as default is not preferable, remain passive in
提供机构：
美国国家经济研究局
创建时间：
2016-11-01
