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Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.
Persistent link: https://www.econbiz.de/10009395288
Argentina as a test case, they show that incorporating long-term debt allows the model to match the average external debt …-to-output ratio, average spread on external debt, the standard deviation of spreads and simultaneously improve upon the model …
Persistent link: https://www.econbiz.de/10009251191
that a 10-basis-point reduction in long-term U.S. Treasury yields results in a 0.4-percentage-point increase in the foreign …
Persistent link: https://www.econbiz.de/10010607623
Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.
Persistent link: https://www.econbiz.de/10010725013
Persistent link: https://www.econbiz.de/10005706893
Is the large current account deficit a problem for the U.S.? Economic theory offers some scenarios in which a current account deficit is a rational response to economic conditions or a response that may even enhance economic welfare. At the same time, recent research suggests that under certain...
Persistent link: https://www.econbiz.de/10005706968
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This paper develops a simple model of sovereign debt in which defaulting nations are excluded from capital markets and regain access by making partial repayments. This is consistent with the historical evidence that defaulting countries return to international loan markets soon after a...
Persistent link: https://www.econbiz.de/10005712336
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