Fiscal adjustment and deficit financing during the debt crisis

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Easterly, William R.;
  • Subject: Economic Stabilization,Public Sector Economics&Finance,Banks&Banking Reform,Strategic Debt Management,Environmental Economics&Policies

To study the adjustment to the debt crisis, this paper compares the experience of seven"crisis"debtor countries with those of five"noncrisis"debtor countries. In response to a sharp reduction in external capital flows, the crisis countries rescheduled their debt during ... View more
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