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  2. TYING YOURSELF TO THE MAST: PAINFUL DEBT AS A ...

    https://www.cerf.cam.ac.uk/files/media/niermann_tying_yourself_to_the_mast.pdf
    19 Jun 2024: LENNART NIERMANNDepartment of Economics, University of Cambridge. This paper studies why countries end up at a disadvantageous point of high debt and higheconomic cost of default. ... reduces markets’ beliefs about the likelihood of a default event
  3. TYING YOURSELF TO THE MAST: PAINFUL DEBT AS A ...

    https://www.cerf.cam.ac.uk/sites/www.cerf.cam.ac.uk/files/media/niermann_tying_yourself_to_the_mast.pdf
    19 Jun 2024: LENNART NIERMANNDepartment of Economics, University of Cambridge. This paper studies why countries end up at a disadvantageous point of high debt and higheconomic cost of default. ... reduces markets’ beliefs about the likelihood of a default event

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