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Public debt, North and South (英语)

The recent rise in domestic public nonmonetary debt and in domestic bond yields is imposing a heavier burden on governments in countries like Brazil and Mexico than foreign debt does. This is a relatively new experience for developing countries but not for OECD countries. Reisen's discussion of rising government indebtedness, therefore, includes the experiences of four developing (Brazil, Mexico, Korea, and Indonesia) and three highly indebted OECD...
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