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The Pure Theory of Country Risk

Stiglitz, Joseph E.; Eaton, Jonathan; Gersovitz, Mark

Analyzes the nature of credit relations between developed and developing countries. Use of advances in the economics of information and strategic interaction; Relevance of the net worth of the borrower in determining the amount of loan that can be recovered; Description of the theory of international lending.

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Economics
Published Here
April 29, 2013