Browsing Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour by Subject "Secondary markets"

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2020-10Diskussionspapier

Foreign Debt, Capital Controls, and Secondary Markets: Theory and Evidence from Nazi Germany

Papadia, Andrea; Schioppa, Claudio A.

We show how elite capture affects optimal debt repatriations and management of official reserves under capital controls, bridging literature on debt buybacks and secondary markets. The model we provide guides our study of ...