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Bank Size, Reputation, and Debt Renegotiation

This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder tine obtaining new money than what they would have absent the small banks.
Year of publication:
1988-09
Authors: Fernandez, Raquel ; Kaaret, David
Institutions: National Bureau of Economic Research (NBER)
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application/pdf
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Type of publication: Book / Working Paper
Notes:
ITI IFM published as International Economic Review, February, 1992. Number 2704
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Persistent link: https://www.econbiz.de/10005774707
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