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We construct a dynamic equilibrium design with contingent services and adverse selection to quantitatively analyze sovereign credit card debt. From the product, advantages of defaulting are tempered by bigger foreseeable future desire charges. For a wide set of parameters, the only equilibrium is just one in which the sovereign defaults http://case-study-help19493.imblogs.net/3778979/little-known-facts-about-hbs-case-solution


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