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Sovereign debt: Ignorance can be bliss


  • Thomas, J. P.


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  • Thomas, J. P., 1992. "Sovereign debt: Ignorance can be bliss," Journal of Development Economics, Elsevier, vol. 39(2), pages 389-396, October.
  • Handle: RePEc:eee:deveco:v:39:y:1992:i:2:p:389-396

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    References listed on IDEAS

    1. Claudio E. V. Borio, 1990. "Financial arrangements, 'soft' budget constraints and inflation: lessons from the Yugoslav experience," BIS Working Papers 15, Bank for International Settlements.
    2. Kornai, J, 1979. "Resource-Constrained versus Demand-Constrained Systems," Econometrica, Econometric Society, vol. 47(4), pages 801-819, July.
    3. Gyorgy Szapary & Steven V Dunaway & David Burton & Mario I. Bléjer, 1991. "China; Economic Reform and Macroeconomic Management," IMF Occasional Papers 76, International Monetary Fund.
    4. Krugman, Paul, 1988. "Financing vs. forgiving a debt overhang," Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
    5. Michael Bruno, 1989. "Economic Analysis and the Political Economy of Policy Formation," NBER Working Papers 3183, National Bureau of Economic Research, Inc.
    6. Joshua Aizenman & Peter Isard, 1990. "Externalities, Incentives, and Economic Reforms," NBER Working Papers 3395, National Bureau of Economic Research, Inc.
    7. Cukierman, Alex & Edwards, Sebastian & Tabellini, Guido, 1992. "Seigniorage and Political Instability," American Economic Review, American Economic Association, vol. 82(3), pages 537-555, June.
    8. Aizenman, Joshua, 1989. "Country Risk, Incomplete Information and Taxes on International Borrowing," Economic Journal, Royal Economic Society, vol. 99(394), pages 147-161, March.
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    Cited by:

    1. Brian D. Wright & Kenneth M. Kletzer, 2000. "Sovereign Debt as Intertemporal Barter," American Economic Review, American Economic Association, vol. 90(3), pages 621-639, June.
    2. Christian Hellwig & Guido Lorenzoni, 2009. "Bubbles and Self-Enforcing Debt," Econometrica, Econometric Society, vol. 77(4), pages 1137-1164, July.
    3. Toan Phan, 2016. "Information, Insurance and the Sustainability of Sovereign Debt," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 93-108, October.

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