Minneapolis Fed(@MinneapolisFed):Canonical models of sovereign borrowing prescribe short-term loans to discipline countries in crisis. But "official" lenders like IMF have diff't incentives than private. Our @cristinarellano & @Leo_BarretoV model the modern reality of sovereign default. https://t.co/0KjTeadax3

Minneapolis Fed

@MinneapolisFed

Serving the Ninth Federal Reserve District: MN, MT, ND, SD, 26 counties in northwestern WI, and the UP of Michigan. RTs ≠ endorsements.

가입 February 2009

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Minneapolis Fed@MinneapolisFed

2026.08.03 20:25

Canonical models of sovereign borrowing prescribe short-term loans to discipline countries in crisis. But "official" lenders like IMF have diff't incentives than private. Our @cristinarellano & @Leo_BarretoV model the modern reality of sovereign default.