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(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2019)
We construct a dynamic theory of sovereign debt and structural reforms with limited enforcement and moral hazard. A sovereign country in recession wishes to smooth consumption. It can also undertake costly reforms to speed ...
(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2019)
Securing open access to research will not remove the fundamental problem that commercial publishers have substantial market power. Thus, even if Plan S is successful, large commercial publishers are likely to put financial ...