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Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises
Crisis and Commitment Inflation Credibility the Vulnerability Sovereign Debt Crises
2014/3/12
We propose a continuous time model of nominal debt and investigate the role of inflation credibility in the potential for self-fulfilling debt crises. Inflation is costly, but reduces the real value o...
INSTITUTIONAL REFORM AND SOVEREIGN DEBT CRISES
INSTITUTIONAL REFORM SOVEREIGN DEBT CRISES International Monetary Fund
2008/11/6
In this brief article, I want to offer some ideas for reforms of the
International Monetary Fund (IMF). This subject is complicated, and
it is very difficult to do justice to in the space available,...