Sticky inflation and the real effects of exchange rate-based stabilization
In: Journal of international economics, Band 70, Heft 1, S. 115-139
ISSN: 0022-1996
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In: Journal of international economics, Band 70, Heft 1, S. 115-139
ISSN: 0022-1996
In: IMF Working Paper, S. 1-18
SSRN
In: IMF Working Paper, S. 1-34
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In: Emerging markets, finance and trade: EMFT, Band 48, Heft sup4, S. 71-95
ISSN: 1558-0938
In: Journal of international economics, Band 88, Heft 1, S. 198-208
ISSN: 0022-1996
In: IMF Working Papers, S. 1-36
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In: Economic policy, Band 23, Heft 55, S. 545-594
ISSN: 1468-0327
We argue that increased foreign borrowing by the private sector reduces the risk that a developing country's government defaults on its foreign debt. We present a simple model in which private foreign borrowing reflects a surge of private entrepreneurship. A larger "entrepreneurial class" raises the political costs of default and reduces the government's incentive to deny repayment. The results of our empirical analysis support the model's key hypothesis.
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In: IMF Working Paper, S. 1-22
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In: IMF Working Papers, S. 1-17
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In: IMF Working Paper, S. 1-29
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World Affairs Online
In: IMF Working Paper No. 12/89
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In: Journal of international economics, Band 73, Heft 1, S. 48-68
ISSN: 0022-1996
In: IMF Working Paper, S. 1-35
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