Sovereign Debt: Is To Forgive To Forget?
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International lending to a less-developed country cannot be based on the debtor's reputation for making repayments. That is, loans to LDCs will not be made or repaid unless foreign creditors have legal or other direct sanctions they can exercise against a sovereign debtor who defaults Even if some
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美国国家经济研究局创建时间：
1988-06-01
