Ghosal, Sayantan; Thampanishvong, Kannika - Centre for Dynamic Macroeconomic Analysis, University … - 2007
threshold, as the number of creditors becomes larger, we show a convergence to efficient information aggregation. Moreover …) given a fixed CAC threshold, as the number of
creditors becomes larger, we show a convergence to efficient information … information debt rollover model of a sovereign debt crisis. In
equilibrium scenarios where the actions of creditors do not depend …