Strategic Investment in a Debt Bargaining Framework

Nopic
This paper analyzes the strategic role of investment from a debtor country's perspective. The framework is one in which, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In the context of a two-country real trade model, debt repayment is equal to the trade surplus of the... READ MORE...

Publication date: July 1989
ISBN 9781451968910
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Publication date: July 1989

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