作者:Holden, S; Driscoll, JC
作者单位:University of Oslo; Federal Reserve System - USA; Federal Reserve System Board of Governors
作者:Tirole, J
作者单位:Massachusetts Institute of Technology (MIT)
摘要:Studying the implications of uncoordinated borrowing, the paper first looks at whether and when countries borrow too much in the aggregate. It then revisits the original sin debate, analyzing whether and when equity portfolio investment, international portfolio diversification, domestic currency denomination and longer maturities enhance borrowing countries' access to international lending. The paper thereby relates a country's level and quality of access to international capital markets to a ...
作者:Chiappori, PA; Levitt, SD
作者单位:University of Chicago
作者:Smith, VL
作者单位:George Mason University