According to Oatley,governments in debtor countries never threatened collective default primarily because
A) creditors would offer "special deals" to induce particular governments not to join a default coalition.
B) they were afraid of future IMF retaliation.
C) they knew it would destroy their credit rating.
D) they knew all debt would still have to be repaid in the long run.
E) they feared invasion by advanced industrial countries to seize their resources like they did in the 1920s and 1930s.
Correct Answer:
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