Take the Short Route: How to Repay and Restructure Sovereign Debt with Multiple Maturities
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We address the question of whether and how a sovereign should reduce its external indebtedness when default is a significant possibility, with a particular focus on whether a sovereign should buy back or dilute existing long-term sovereign bonds. Our main finding is that when reduction of debt is
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美国国家经济研究局创建时间：
2013-12-01
