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liquidity-constrained debtors will respond by enough to make a reduction in debt profitable, but not by enough to make the …
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This paper studies the relationship between sovereign debt default and annual GDP growth taking into account the depth of a debt restructuring and distinguishing between commercial and official sovereign debt restructurings. Analyzing 73 default episodes in 117 countries over the period...
Persistent link: https://www.econbiz.de/10014119229
This paper studies the relationship between sovereign debt default and annual GDP growth taking into account the depth of a debt restructuring and distinguishing between commercial and official sovereign debt restructurings. Analyzing 73 default episodes in 117 countries over the period...
Persistent link: https://www.econbiz.de/10012965600