TY  - GEN
AU  - Sebastian Hohmann
TI  - The Political Economy of Sovereign Default
SN  - 9782940503070
PY  - 2012///
PB  - Graduate Institute Publications
KW  - risks
KW  - State | Nation
KW  - financial globalisation
KW  - non-state actors and civil society
KW  - debt
KW  - finance
KW  - governance
N1  - Open Access
N2  - 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
UR  - http://books.openedition.org/iheid/509
UR  - https://directory.doabooks.org/handle/20.500.12854/56541
ER  -