Endogenous Creditor Seniority and External Debt Values /
A new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt during the late 1980s. We argue that this was the revenue maximizing response of gove...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1992.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1992/057 |
| On-line přístup: | Full text available on IMF |