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crises. In this paper we discuss three concepts widely used in this literature. Two of them original sin' and debt … countries have in servicing and repaying their debts. The debt-intolerance school traces the problem to institutional weaknesses …
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crises. In this paper we discuss three concepts widely used in this literature. Two of them original sin' and debt … countries have in servicing and repaying their debts. The debt-intolerance school traces the problem to institutional weaknesses …
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This paper analyzes the "debt crisis" of the 1930s to see what light this historical experience sheds on recent … and extent of defaulton sovereign debt, adapting models of debt capacity to the circumstances of the interwar years. We …
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