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Consumer debts in the United States can effectively live (and grow) forever: most statutes of limitations do not extinguish them; they can morph into relatives' obligations after the debtor's death; and they sometimes rise from the grave even after they have been paid. All the while, interest...
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Analyzing public debt in low-income developing countries (LIDCs) is like solving a puzzle with many missing pieces …. Forty percent of LIDCs have not published any sovereign debt data in the last two years. Public debt data disclosed in … authorities. Over 15 LIDCs have outstanding collateralized debt but no details of the collateralization are provided in official …
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Over 60% of US households with credit cards are currently borrowing -- i.e., paying interest -- on those cards. We attempt to reconcile the high rate of credit card borrowing with observed levels of life cycle wealth accumulation. We simulate a lifecycle model with five properties that create...
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and borrowers ample reason to care whether nonperforming debts are restructured. One implication of the way in which debt … argument is moral hazard, but (unlike in much of the recent literature of emerging market debt problems) what is central here …
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apologized and acknowledged a “moral debt” that it owes the Haitian people. But is there a legal debt that Haiti, one of the …
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