Debt Maturity and the International Financial Architecture

Debt Maturity and the International Financial Architecture
This paper presents a theory of the maturity of international sovereign debt and derives its implications for the reform of the international financial architecture. It presents a general equilibrium model in which the need to roll over external debt disciplines the policies of debtor countries but makes them vulnerable to unwarranted debt... READ MORE...

Publication date: July 2004
ISBN 9781451855944
$15.00

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