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 for tr...
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| Format: | Online |
| Sprache: | Englisch |
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Graduate Institute Publications
2021
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| Online-Zugang: | 23820 |
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| _version_ | 1869529294327250944 |
|---|---|
| author | Sebastian Hohmann |
| author_browse | Sebastian Hohmann |
| author_facet | Sebastian Hohmann |
| author_sort | Sebastian Hohmann |
| collection | Directory of Open Access Books |
| description | 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 traditional models of sovereign debt, which rely on the threat of economic sanctions to explain why and when a representative agent seeking to maximise social welfare would choose debt-repayment. The... |
| format | Online |
| id | doab-20.500.12854ir-56541 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Graduate Institute Publications |
| publisherStr | Graduate Institute Publications |
| record_format | ojs |
| spelling | doab-20.500.12854ir-565412022-01-31T14:47:34Z The Political Economy of Sovereign Default Sebastian Hohmann risks State | Nation financial globalisation non-state actors and civil society debt finance governance 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 traditional models of sovereign debt, which rely on the threat of economic sanctions to explain why and when a representative agent seeking to maximise social welfare would choose debt-repayment. The... 2021-02-11T23:20:43Z 2021-02-11T23:20:43Z 2017-10-09 11:02:38 2012 book 23820 9782940503070 9782940503087 https://directory.doabooks.org/handle/20.500.12854/56541 eng image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International http://www.7switch.com/en/ebook/9782940503087 http://www.placedeslibraires.fr/livre/9782940503087 http://books.openedition.org/iheid/509 Graduate Institute Publications 72b0526f-f1c9-41b3-a451-219e0317e896 9782940503070 9782940503087 open access |
| spellingShingle | risks State | Nation financial globalisation non-state actors and civil society debt finance governance Sebastian Hohmann The Political Economy of Sovereign Default |
| title | The Political Economy of Sovereign Default |
| title_full | The Political Economy of Sovereign Default |
| title_fullStr | The Political Economy of Sovereign Default |
| title_full_unstemmed | The Political Economy of Sovereign Default |
| title_short | The Political Economy of Sovereign Default |
| title_sort | political economy of sovereign default |
| topic | risks State | Nation financial globalisation non-state actors and civil society debt finance governance |
| topic_facet | risks State | Nation financial globalisation non-state actors and civil society debt finance governance |
| url | 23820 |
| work_keys_str_mv | AT sebastianhohmann thepoliticaleconomyofsovereigndefault AT sebastianhohmann politicaleconomyofsovereigndefault |