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SOVEREIGN DEBT - IGNORANCE CAN BE BLISS

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Abstract

An example is given to show that the Bulow-Rogoff argument for the non-existence of reputational debt contracts does not extend to a world with asymmetric information about the needs of the debtor country

Topics: HC
Publisher: ELSEVIER SCIENCE BV
OAI identifier: oai:wrap.warwick.ac.uk:21614
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