mitigated by permitting appropriately-structured cross-country liability for sovereign debt incurred by individual nations … if cross-country debt liability were permitted and which are Pareto superior to the existing outcome …

or social capital is isolated — not just narrowly interpreted within standard economic theory, but more broadly construed …

mitigated by permitting appropriately-structured cross-country liability for sovereign debt incurred by individual nations … if cross-country debt liability were permitted and which are Pareto superior to the existing outcome …

mitigated by permitting appropriately-structured cross-country liability for sovereign debt incurred by individual nations … if cross-country debt liability were permitted and which are Pareto superior to the existing outcome. …