“Of course, the problems of external default, domestic default, and inflation are all integrally related. A government that chooses to default on its debts can hardly be relied on to preserve the value of its country’s currency.” — Carmen M. Reinhart Copy Share Image
“Of course, the problems of external default, domestic default, and inflation are all integrally related. A government that chooses to default on its debts… — Carmen M. Reinhart Copy Share Image
“The Fiscal Legacy of Crises Declining revenues and higher expenditures, owing to a combination of bailout costs and higher transfer payments and debt servicing… — Carmen M. Reinhart Copy Share Image
“These findings on capital flow bonanzas are also consistent with other identified empirical regularities surrounding credit cycles. Mendoza and Terrones, who examine credit cycles… — Carmen M. Reinhart Copy Share Image
