Missing Link : Volatility and the Debt Intolerance Paradox /
A striking feature of sovereign lending is that many countries with moderate debt-to-income ratios systematically face higher spreads and more stringent borrowing constraints than others with far higher debt ratios. Earlier research has rationalized the phenomenon in terms of sovereign reputation an...
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2004/051 |
| Accesso online: | Full text available on IMF |