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 |
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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 |
MARC
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050 | 4 | |a HG3881.5.I58 |b W67 no.08/152 | |
082 | 0 | 4 | |a 336.340151954 |2 23 |
049 | |a UAMI | ||
100 | 1 | |a Alichi, Ali, |e author. | |
245 | 1 | 2 | |a A model of sovereign debt in democracies / |c prepared by Ali Alichi. |
260 | |a Washington, D.C. : |b International Monetary Fund, African Dept., |c 2008. | ||
264 | 4 | |c ©2008 | |
300 | |a 1 online resource (34 pages) : |b illustrations | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/08/152 | |
500 | |a "June 2008." | ||
504 | |a Includes bibliographical references (pages 23-25). | ||
520 | 3 | |a 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 generations. An old generation with little concern for its country's access to capital markets can force a default on debt if it has the majority of voters. On the other hand, if the younger generation is more numerous, it can force repayment of previously defaulted debt. Other voter heterogeneities, such as in income, can generate similar results. | |
588 | 0 | |a Print version record. | |
506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
533 | |a Electronic reproduction. |b [Place of publication not identified]: |c HathiTrust Digital Library. |d 2024. |5 MiAaHDL | ||
538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
583 | 1 | |a digitized |c 2024. |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
650 | 0 | |a Debts, Public |x Econometric models. | |
650 | 0 | |a Capital market |x Econometric models. | |
650 | 6 | |a Dettes publiques |x Modèles économétriques. | |
650 | 6 | |a Marché financier |x Modèles économétriques. | |
650 | 7 | |a Capital market |x Econometric models |2 fast | |
650 | 7 | |a Debts, Public |x Econometric models |2 fast | |
650 | 7 | |a Auslandsverschuldung. |2 stw | |
650 | 7 | |a Auslandsschuldendienst. |2 stw | |
650 | 7 | |a Demokratie. |2 stw | |
710 | 2 | |a International Monetary Fund. |b African Department. | |
758 | |i has work: |a A model of sovereign debt in democracies (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGhC8hYdKK78m4GBcKR9Xd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
776 | 0 | 8 | |i Print version: |a Alichi, Ali. |t Model of sovereign debt in democracies. |d Washington, D.C. : International Monetary Fund, African Dept., 2008 |w (OCoLC)248692213 |
830 | 0 | |a IMF working paper ; |v WP/08/152. | |
856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1605821 |z Texto completo |
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