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Sovereign Debt: Is To Forgive To Forget? / Jeremy I. Bulow, Kenneth Rogoff.
- Format:
- Book
- Author/Creator:
- Bulow, Jeremy I.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2623.
- NBER working paper series no. w2623
- Language:
- English
- Subjects (All):
- Debts, External--Developing countries.
- Debts, External.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Sovereign Debt
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1988.
- Cambridge, Mass. : National Bureau of Economic Research, 1988.
- Summary:
- International lending to a less-developed country cannot be based on the debtor's reputation for making repayments. That is, loans to LDCs will not be made or repaid unless foreign creditors have legal or other direct sanctions they can exercise against a sovereign debtor who defaults Even if some lending is feasible because of direct sanctions, having a reputation for repayment in no way enhances a small LDC's ability to borrow.
- Notes:
- Print version record
- June 1988.
- Includes bibliographical references.
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