Domestic Taxes and the External Debt Laffer Curve
β Scribed by Aasim M. Husain
- Book ID
- 108559025
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 164 KB
- Volume
- 64
- Category
- Article
- ISSN
- 0013-0427
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper analyses the implications of inefficient financial intermediation for debt management in a model where firms rely on bank credit to finance their working capital needs and lenders face state verification and contract enforcement costs. We show that lower expected productivity, higher enfo
Froyen and D. Jansen on earlier drafts. I would also like to thank members of the UNC macro workshop for helpful comments. The usual disclaimer regarding errors applies. Any opinions expressed are those of the author and not those of the National Bureau of Economic Research.
## Abstract This paper analyzes the incidence of domestic and external debt crises for a sample of 53 emerging economies between 1980 and 2005. Even though there is substantial time variation in the default rates during the period, sovereign default rates for domestic debts are typically lower than