The Origin of the Bank of England: A Credible Commitment to Sovereign Debt

In economic development, institutions and organizations are critical elements which can be looked upon as rules and players of a game, respectively. Investigating how institutions evolve and why certain organizations emerge may help us better understand economic development, especially when the situation requires an efficient solution. The problem of sovereign financing shares the features of one-sided Prisoner's Dilemma (PD).

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Year of publication:	1998
Authors:	Yang, D.-Y.
Subject:	CENTRAL BANKS \| DEBT \| UNITED KINGDOM

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Type of publication:	Book / Working Paper
Notes:	10 pages
Classification:	C71 - Cooperative Games ; G14 - Information and Market Efficiency; Event Studies ; H63 - Debt; Debt Management ; H87 - International Fiscal Issues ; N10 - Macroeconomics and Monetary Economics; Growth and Fluctuations. General, International, or Comparative
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776883