Documents & Reports

A dynamic bargaining model of sovereign debt (English)


This paper models a dynamic bargaining game between a highly indebted country and its commercial bank consortium, to analyze the determinants of the resulting re-scheduling agreements and the net transfer of resources over time. The bargaining game is...  See More +


  • Fernandez-Arias, Eduardo;
  • 1991/10/31
  • Policy Research Working Paper;
  • WPS778
  • 1
  • 1
  • 2010/07/01
  • A dynamic bargaining model of sovereign debt
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