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Diane Publishing Books
Economics of Sovereign Defaults: A Reprint from the Federal Reserve Bank of Richmond “Economic Quarterly”
Juan Carlos Hatchondo (au); Leonardo Martinez (au); Horacio Sapriza (au)
Discusses the economics of sovereign defaults, summarizing lessons from existing work on this issue. In particular, the article describes the costs associated with a sovereign default episode, identifies circumstances that are likely to lead to a default, & discusses how understanding sovereign defaults may help to account for distinctive economic features of emerging economies. Charts & tables.
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