Cargando…
A model of sovereign debt in democracies /
This paper develops and empirically tests a political economy model of sovereign debt. The main incentive for repaying sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose default regardless of its consequences for future generatio...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, African Dept.,
2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/152. |
| Temas: | |
| Acceso en línea: | Texto completo |