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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Bibliografische gegevens
Hoofdauteur: Dooley, Michael
Andere auteurs: Stone, Mark
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1992.
Reeks:IMF Working Papers; Working Paper ; No. 1992/057
Online toegang:Full text available on IMF