Razin, Asaf (contributor); Tsadḳah, Efrayim (contributor) - 2003 - [Elektronische Ressource]
explosion of dollar-linked public debt service.
1
The package also includes a promise to increase the
loan to $30 billion, if … higher also is α). Accordingly, we assume that the
country-speci�c interest rate is a decreasing function of both K and α :
r … falls below K
∗
.
We refer to the equilibrium point E
1
as the �bad� equilibrium. At this equilibrium the interest rate
r[1 …