Wealth Effects of Voluntary Debt Reduction in Latin America: Issue 391
Daniel Oks
Jan 1990 · World Bank Publications
Ebook
39
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Tools
info
About this ebook
The impact of voluntary debt reduction on private wealth depends on how agents subjectively value external liabilities and on how much they perceive public debt as future discounted taxes.
The impact of voluntary debt reduction on private wealth depends on how agents subjectively value external liabilities and on how much they perceive public debt as future discounted taxes.
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