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Repudiation and Renegotiation: The Case of Sovereign Debt - MaRDI portal

Repudiation and Renegotiation: The Case of Sovereign Debt

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Publication:3826315

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DOI10.2307/2526545zbMath0672.90021OpenAlexW2061848437MaRDI QIDQ3826315

Douglas Gale, Martin F. Hellwig

Publication date: 1989

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526545

zbMATH Keywords

contract theory strategic stability renegotiation sovereign debt inefficient equilibrium many equilibria

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Other game-theoretic models (91A40) General equilibrium theory (91B50)

Related Items (1)

Optimal debt contracts under costly enforcement

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