NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Liquidation of Government Debt

Carmen M. Reinhart, M. Belen Sbrancia

NBER Working Paper No. 16893
Issued in March 2011

---- Acknowledgements -----

The authors wish to thank Alex Pollock, Vincent Reinhart, and Kenneth Rogoff for helpful comments and suggestions and the National Science Foundation Grant No. 0849224 for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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