Fragile Debt and the Credible Sharing of Strategic Uncertainty
NBER Working Paper No. 18377
---- Acknowledgements -----
I am grateful to Antoine Camous and Andrew Gimber for many comments on this paper and to Hubert Kempf and Dan Peled for discussions on related topics. Comments from conference participants at the ECB "Global Sovereign Debt" workshop in June 2012 are appreciated. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.