ScholarLens Back to search

2019•Princeton University Press eBooksRequires access

6. Self-Fulfilling Debt Crises

Mark Aguiar, Manuel Amador

Open publisher page 39 citations

Abstract

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

About this research paper

What this paper is about

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

Why it matters

OpenAlex reports 39 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

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

Key concepts: Debt, Economics, Finance

Related papers

Related paper 1 Related paper 2 Related paper 3

Back to paper search Browse research topics Original source

6. Self-Fulfilling Debt Crises — Research Paper | ScholarLens