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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Detalles Bibliográficos
Autor Principal: Catao, Luis
Outros autores: Kapur, Sandeep
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/051
Acceso en liña:Full text available on IMF

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