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Debt intolerance

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channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of …

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The forgotten history of domestic debt

Reinhart, Carmen M.; Rogoff, Kenneth S. - 2008

"There is a rich scholarly literature on sovereign default on external debt. Comparatively little is known about sovereign defaults on domestic debt. Even today, cross-country data on domestic public debt remains curiously exotic, particularly prior to the 1980s. We have filled this gap in the...

Persistent link: https://www.econbiz.de/10003709761