Ghosal, Sayantan (contributor); … - 2007 - Update
circulated with the title ‘Bargaining, Moral Hazard and
Sovereign Debt Crisis’.
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Correspondence: School of Economics and … OCTOBER 2007
ABSTRACT
We study the effect of strengthening CACs in a debt rollover model of a
sovereign debt crisis … case for a formal
sovereign bankruptcy procedure.
Keywords: Sovereign Debt, Bargaining, Coordination, Moral Hazard …