| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3527 |
| DP3527 Enclaves, Language and the Location Choice of Migrants | |
| Ira Gang; Thomas Bauer; Gil S Epstein | |
| 发表日期 | 2002-09-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We develop a stylised model of multiple equilibria, with country risk spreads at the focus of the analysis. Fears that the country default on its debt triggers a reversal in the direction of inflows of international financial capital raise interest-rate spreads and thus the cost of servicing the public debt. The analytical framework is standard: creditors observe the output of borrowing only at a cost. |
| 主题 | International Macroeconomics |
| 关键词 | Costly-state verification Multiple self-fulfilling-expectations equilibria Debt crisis |
| URL | https://cepr.org/publications/dp3527 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532538 |
| 推荐引用方式 GB/T 7714 | Ira Gang,Thomas Bauer,Gil S Epstein. DP3527 Enclaves, Language and the Location Choice of Migrants. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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