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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2004
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a … crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation …
Persistent link: https://www.econbiz.de/10010957431
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Vermeidung und Bewältigung von Verschuldungskrisen: Die Rolle privater und öffentlicher Institutionen
Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2006
of sovereign debt crises. Changes are required in the private sector as well as in the role and policy of the … International Financial Institutions. Despite recent experiences with debt crises, necessary changes have not been implemented so …
Persistent link: https://www.econbiz.de/10010985080
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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - 2004
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a … crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation …
Persistent link: https://www.econbiz.de/10010295431
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Vermeidung und Bewältigung von Verschuldungskrisen: Die Rolle privater und öffentlicher Institutionen
Hefeker, Carsten - 2006
of sovereign debt crises. Changes are required in the private sector as well as in the role and policy of the … International Financial Institutions. Despite recent experiences with debt crises, necessary changes have not been implemented so …
Persistent link: https://www.econbiz.de/10010295529
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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - 2007
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a … crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation …
Persistent link: https://www.econbiz.de/10010296027
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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - Verein für Socialpolitik, Ausschuss für … - 2007
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a … crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation …
Persistent link: https://www.econbiz.de/10005109491
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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - 2004
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a … crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation …
Persistent link: https://www.econbiz.de/10014068490
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Handels- und Finanzarchitektur im Umbruch : globale Integration und die institutionelle Arbeitsteilung von IWF, Weltbank und WTO
Hefeker, Carsten (contributor) - 2003
Persistent link: https://www.econbiz.de/10001774634
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Can Process Conditionality Enhance Aid Effectiveness? The Role of Bureaucratic Interest and Public Pressure
Michaelowa, Katharina; Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2003
Can process conditionality really enhance poverty reduction in developing countries? This question is addressed in the framework of a politico-economic model considering political distortions both on the recipient and on the donor side. It turns out that process conditionality is a very useful...
Persistent link: https://www.econbiz.de/10010957320