Empirical Research on Sovereign Debt and Default

Empirical Research on Sovereign Debt and Default

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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Veröffentlicht in:Annual review of economics 2013-01, Vol.5 (1), p.247-272
Hauptverfasser: Tomz, Michael, Wright, Mark L.J
Format: Artikel
Sprache:eng
Schlagworte:
capital flows
Contract provisions
Creditors
Debt
Debt contracts
Default
Domestic debt
Economic theory
Economists
External debt
Historians
international macroeconomics
international relations
Investors
Loan defaults
political economy
Public debt
Sovereign debt
Studies
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Beschreibung
Zusammenfassung: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.
ISSN:1941-1383
1941-1391
DOI:10.1146/annurev-economics-061109-080443