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Aizenman, Joshua - 2009

Persistent link: https://www.econbiz.de/10003822138

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Net fiscal stimulus during the Great Recession

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Optimal reserve management and sovereign debt

Alfaro, Laura; Kanczuk, Fabio - 2007

Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels. In addition, assuming constant debt levels does...