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Endogenous Creditor Seniority and External Debt Values

Endogenous Creditor Seniority and External Debt Values »

Source: Endogenous Creditor Seniority and External Debt Values

Volume/Issue: 1992/57

Series: IMF Working Papers

Author(s): Michael Dooley , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1992

ISBN: 9781451967180

Keywords: taxation, central bank, debtor countries, sovereign debt

A new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt...

Endogenous Creditor Seniority and External Debt Values

Endogenous Creditor Seniority and External Debt Values »

Volume/Issue: 1992/57

Series: IMF Working Papers

Author(s): Michael Dooley , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1992

DOI: http://dx.doi.org/10.5089/9781451967180.001

ISBN: 9781451967180

Keywords: taxation, central bank, debtor countries, sovereign debt

A new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt...