| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2637 |
| 来源ID | Working Paper 2637 |
| Sovereign Debt Restructurings: Panacea or Pangloss? | |
| Jeremy I. Bulow; Kenneth Rogoff | |
| 发表日期 | 1988-06-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | The most widely proposed LDC debt plans are flawed by their failure to recognize the fundamental differences between corporate and sovereign debt. Consequently, many plans intended to help highly-indebted countries mainly aid their foreign creditors. This paper emphasizes the crucial distinction between marginal and average sovereign debt. This distinction provides the cornerstone for an understanding of debt buybacks, debt-equity swaps, and debt-for-debt swaps involving new classes of seniority. Highly indebted countries would benefit more from direct transfers than from the same resources spent on any of these financial engineering schemes. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w2637 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559888 |
| 推荐引用方式 GB/T 7714 | Jeremy I. Bulow,Kenneth Rogoff. Sovereign Debt Restructurings: Panacea or Pangloss?. 1988. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2637.pdf（403KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
