Empirical research on sovereign debt and default

Arbeitspapier

The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the theory of sovereign debt. One major theme emerges. Although recent research has sought to balance theoretical and empirical considerations, there remains a gap between theories of sovereign debt and the data used to test them. We recommend a number of steps that researchers can take to improve the correspondence between theory and data.

Objekt anzeigen

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2012-06

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access ; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts ; International Investment; Long-term Capital Movements ; International Lending and Debt Problems ; International Conflicts; Negotiations; Sanctions ; International Institutional Arrangements ; Economic History: Financial Markets and Institutions: General, International, or Comparative
• Thema: International relations ; Sovereign debt ; Sovereign default ; Political economy

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Tomz, Michael ; Wright, Mark L. J.
• Ereignis: Veröffentlichung
• (wer): Federal Reserve Bank of Chicago
• (wo): Chicago, IL
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/70557