Essays on Maturity Structure of Sovereign Debt
<p>In the first chapter, I develop a tractable model to study the optimal debt maturity structure and fiscal policy in an environment with incomplete markets, lack of commitment, and opportunity to default by the government. The default on public debt is endogenous and the real interest rate r...
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| Language: | EN |
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Princeton University
2018
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| Online Access: | http://pqdtopen.proquest.com/#viewpdf?dispub=10824697 |