To Pay or Not to Pay: A Model of International Defaults
- 1 January 1986
- journal article
- Published by JSTOR in Journal of Policy Analysis and Management
- Vol. 5 (4) , 742
- https://doi.org/10.2307/3324881
Abstract
Most lenders in international financial markets accede to reschedule overdue payments when sovereign borrowers fail to meet repayment requirements rather than f...Keywords
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