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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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Satyajit Chatterjee & Burcu Eyigungor, 2009.
"Maturity, Indebtedness, and Default Risk,"
Koç University-TUSIAD Economic Research Forum Working Papers
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- Burcu Eyigungor & Satyajit Chatterjee, 2008. "Maturity, Indebtedness and Default Risk," 2008 Meeting Papers 1001, Society for Economic Dynamics.
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"Self-Fulfilling Debt Crises,"
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- De Paoli, Bianca & Hoggarth, Glenn & Saporta, Victoria, 2009. "Output costs of sovereign crises: some empirical estimates," Bank of England working papers 362, Bank of England.
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