Articles

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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Also Published In

Title
European Economic Review
DOI
https://doi.org/10.1016/0014-2921(86)90004-8

More About This Work

Academic Units
Economics
Published Here
April 29, 2013