Eurobonds : A Quantitative Analysis of Joint-Liability Debt
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a tra...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/124101568645370178/Eurobonds-A-Quantitative-Analysis-of-Joint-Liability-Debt http://hdl.handle.net/10986/32425 |
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