Debt dilution: when it is a major problem and how to deal with it
Today we recognize sovereign default, which was once largely confined to developing economies, as a threat not only to investors and to the defaulting country's economic and political stability but also to the global financial system. Burcu Eyigungor explains that a major reason that countries are prone to debt crises is a phenomenon called debt dilution.
Volume (Year): (2013)
Issue (Month): Q4 ()
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- Harold L. Cole & Timothy J. Kehoe, 1998.
"Self-fulfilling debt crises,"
211, Federal Reserve Bank of Minneapolis.
- Satyajit Chatterjee & Burcu Eyigungor, 2010.
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- Davide Furceri & Aleksandra Zdzienicka, 2011.
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