The Liquidation of Government Debt photograph

The Liquidation Of Government Debt

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Originally published 2011
AuthorsM. Belen Sbrancia
Carmen Reinhart
Date of Reg.
Date of Upd.
ID2450844
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About The Liquidation Of Government Debt


High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. . . .

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