Lending Resumption After Default : Lessons from Capital Markets During the 19th Century /

This paper mines the experience of capital markets during the 19th century to propose an alternative way of interpreting international default episodes. The standard view is that defaulting on sovereign debt entails exclusion from capital markets. Yet we have observed multiple instances of sovereign...

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Xehetasun bibliografikoak
Egile nagusia: Sole, Juan
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2006.
Saila:IMF Working Papers; Working Paper ; No. 2006/176
Sarrera elektronikoa:Full text available on IMF