Empirical Research on Sovereign Debt and Default

descriptionPublicationkeyboard_double_arrow_right Article , Report , Other literature type , Research , Preprint 01 Jan 2012 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Copyright policy )Funded by:NSF | Restructuring Foreign Sov..., NSF | CAREER: Credible Commitme...

Authors: Michael Tomz; Mark L. J. Wright;

doi: 10.2139/ssrn.2239522 , 10.3386/w18855 , 10.2139/ssrn.2182179 , 10.1146/annurev-economics-061109-080443

handle: 10419/70557

Empirical Research on Sovereign Debt and Default

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Abstract

In this article, we review the empirical literature about sovereign debt and default. As we survey the work of economists, historians, and political scientists, we also emphasize parallel developments by theorists and recommend steps to improve the correspondence between theory and data.

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Keywords

capital flows, international macroeconomics, international relations, political economy, N20, Debts, Public ; Foreign exchange market, F55, F34, F51, International relations, Political economy, Sovereign debt, Sovereign default, ddc:330, Sovereign default, C82, Political economy, Sovereign debt, F21, E01, International relations, jel: jel:C82, jel: jel:F21, jel: jel:E01, jel: jel:D03, jel: jel:N20, jel: jel:C90, jel: jel:F51, jel: jel:F55, jel: jel:F34

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