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Dealing With Debt: The 1930s and the 1980s

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NBER1989-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2867
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资源简介:
This paper analyzes the sovereign defaults of the 1930s and their implications for the debt crisis of the 1980s. It reports nine major findings. There is little evidence that financial markets have grown more sophisticated' over time, or that banks have a comparative advantage over the bond market
创建时间:
1989-02-01
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