Showing 1 - 10 of 7,447
Persistent link: https://www.econbiz.de/10003543304
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
Persistent link: https://www.econbiz.de/10012114435
Persistent link: https://www.econbiz.de/10012199503
Persistent link: https://www.econbiz.de/10000889558
Persistent link: https://www.econbiz.de/10000889559
Persistent link: https://www.econbiz.de/10000330225
Persistent link: https://www.econbiz.de/10000678043