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creditors and that several interventions in sequence may be necessary to avert an impending crisis. Absent of the IMF …
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resulting harshest haircut for private creditors in history can be related to a stag-hunt game played by creditors. We show that … could have benefited the holdout creditors. …
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coordination of creditors of another country. We find, however, that the contagious e.ects on the price of debt precipitated …
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