IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference

IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference
The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt... READ MORE...

Publication date: August 2003
ISBN 9781589062047
$18.00

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