Debt Seniority and Sovereign Debt Crises /

Is the seniority structure of sovereign debt neutral for a government's decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an op...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ari, Anil
مؤلفون آخرون: Corsetti, Giancarlo, Dedola, Luca
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2018.
سلاسل:IMF Working Papers; Working Paper ; No. 2018/104
الوصول للمادة أونلاين:Full text available on IMF