Showing 51 - 60 of 88
Persistent link: https://www.econbiz.de/10003743332
Persistent link: https://www.econbiz.de/10003709109
Persistent link: https://www.econbiz.de/10003398966
Persistent link: https://www.econbiz.de/10003491940
Persistent link: https://www.econbiz.de/10003447346
Persistent link: https://www.econbiz.de/10003214857
Persistent link: https://www.econbiz.de/10003214968
Persistent link: https://www.econbiz.de/10009705269
We show that debt is sustainable at a competitive equilibrium based solely on the reputation for repayment; that is, even without collateral or legal sanctions available to creditors. In an incomplete asset market, when the rate of interest falls recurrently below the rate of growth of the...
Persistent link: https://www.econbiz.de/10012806557
Persistent link: https://www.econbiz.de/10014431142