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pro vyhledávání: '"Spyridon Sichlimiris"'
Autor:
Paola Di Casola, Spyridon Sichlimiris
Publikováno v:
SSRN Electronic Journal.
Why do countries tend to repay their domestic and external debt, even though the legal enforcement of the sovereign debt contract is limited? Contrary to conventional wisdom, we argue that temporary market exclusion after default is costly. When the