Recompras y condonación de la deuda externa en un modelo de repudio voluntario

Debt reduction is usually analyzed in models where default is involuntary and the gains from debt reduction derive from various disincentives linked to a large debt overhang. This paper uses a model in which default is voluntary and shows that debt reduction can be beneficial even in absence of thos...

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Bibliographic Details

Main Author:	Kenen, Peter B.
Format:	Online
Language:	Spanish
Editor:	El Colegio de México, A.C. 1991
Subjects:	modelo de incumplimiento voluntario deuda externa voluntary default model debt reduction
Online Access:	https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/316
Journal:	Estudios Económicos