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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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
1992.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1992/057 |
| Dostęp online: | Full text available on IMF |