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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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