Chapter 16

International Government Debt

U. Panizza*, F. Sturzenegger and J. Zettelmeyer§

*United Nations Conference on Trade and Development, Geneva, Switzerland

Graduate Institute, Geneva, Switzerland

Universidad Torcuato di Tella, Buenos Aires, Argentina

§European Bank for Reconstruction and Development, London, UK



The objective of this chapter is to present a nontechnical survey of the modern literature on international government debt. In doing so, it aims to match predictions made by theoretical models ...

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