Eurobonds : A Quantitative Analysis of Joint-Liability Debt

Eurobonds : A Quantitative Analysis of Joint-Liability Debt

This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a tra...

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Bibliographic Details
Main Author: Tsiropoulos, Vasileios
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
EUROBONDS
INVESTMENT
DEBT MARKETS
CAPITAL MARKETS
JOINT LIABILITY
DEFAULT RISK
Online Access:http://documents.worldbank.org/curated/en/124101568645370178/Eurobonds-A-Quantitative-Analysis-of-Joint-Liability-Debt
http://hdl.handle.net/10986/32425

Internet

http://documents.worldbank.org/curated/en/124101568645370178/Eurobonds-A-Quantitative-Analysis-of-Joint-Liability-Debt
http://hdl.handle.net/10986/32425

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