994 resultados para Foreign news.
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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We study the role of domestic financial institutions in sustaining capital flows to the private and public sector of a country whose government can default on its debt. As in recent public debt crises, in our model public defaults weaken banks' balance sheets, disrupting domestic financial markets. This effect leads to a novel complementarity between private capital inflows and public borrowing, where the former sustain the latter by boosting the government's cost of default. Our key message is that, by shaping the direction of private capital flows, financial institutions determine whether financial integration improves or reduces government discipline. We explore the implications of this complementarity for financial liberalization and debt-financed bailouts of banks. We present some evidence consistent with complementarity.
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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Weekly Newsletter
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Newsletter of Research and Technology Bureau - Highway Division
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Newsletter of Research and Technology Bureau - Highway Division
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
