The Political Economy of Sovereign Default

The Political Economy of Sovereign Default

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 f...

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Bibliographic Details
Main Author: Sebastian Hohmann (auth)
Format: Electronic Book Chapter
Language:English
Published: Graduate Institute Publications 2012
Subjects:
risks
State | Nation
financial globalisation
non-state actors and civil society
debt
finance
governance
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