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Sovereign Debt: Is To Forgive To Forget?

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NBER1988-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2623
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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
创建时间:
1988-06-01
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