Construct · 1 fields · 1 citations

excusable default: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
excusabledefault1 CONSTRUCTExcusable defaultGROSSMAN · INTERNATIONAL

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International economics

default or partial repayment in bad states of the world that creditors accept as excusable and that does not damage a sovereign's reputation.

In international economics, excusable default refers to default or partial repayment in bad states of the world that creditors accept as excusable and that does not damage a sovereign's reputation. This meaning comes from Grossman (1985) in Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation.[1]

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Nearby constructs

debt3 fields · 3 citationsjingle · one word, three carriersdefault3 fields · 3 citationsjingle · one word, three constructsreputation4 fields · 4 citationsjingle · one word, four constructs

References

  1. Grossman, H., & Van Huyck, J. (1985). Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation. National Bureau of Economic Research. https://doi.org/10.3386/w1673

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