Can I read Theory of International Official Lending on EtoBox?
Theory of International Official Lending by bailid697 is a document available to read on EtoBox.
What is Theory of International Official Lending about?
This document presents a theoretical model examining international official lending through a repeated game framework, focusing on the frictions of limited enforcement and moral hazard in sovereign debt. It highlights the distinct roles of multilateral and bilateral official lending compared to private debt, particularly during economic downturns, and demonstrates how these types of debt can achieve constrained efficiency in sovereign debt markets. The quantitative analysis supports the model
- Author
- bailid697
- Language
- EN