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Financing vs. Forgiving a Debt Overhang

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NBER1988-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2486
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This paper examines the tradeoffs facing creditors of a country whose debt is large enough that the country cannot attract voluntary new lending. If the country is unable to meet its debt service requirements out of current income, the creditors have two choices. They can finance the country,
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1988-01-01
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