The political economy of sovereign default : theory and empirics

What do self-interested governments’ needs to maintain loyal groups of supporters imply for sovereign incentives to repay debt? Many sovereign defaults have occurred at relatively low levels of debt, while some highly indebted nations continue to honour their obligations. This poses a problem for tr...

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Place / Publishing House:[Place of publication not identified] : Graduate Institute Publications, 2012
Year of Publication:2012
Language:English
Series:eCahiers de l'Institut ; 15
Physical Description:1 online resource (90 pages).
Notes:Bibliographic Level Mode of Issuance: Monograph
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