 | Persistent Gaps, Volatility Types, and Default Traps Author/Editor: Ana Fostel, Sandeep Kapur, Luis Catão. Release Date:June, 2007 We show that cross-country differences in the underlying volatility and persistence of macroeconomic shocks help explain two historical regularities in sovereign borrowing: the existence of vicious more...
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| Missing Link : Volatility and the Debt Intolerance Paradox Author/Editor: Luis Catão, Sandeep Kapur. Release Date:March, 2004 A striking feature of sovereign lending is that many countries with moderate debt-to-income ratios systematically face higher spreads and more stringent borrowing constraints than others with far more...
| Price: $15.00
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