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Empirical Research on Sovereign Debt and Default

Government and Institutions

In this essay 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.

467wp.pdf (636.64 KB)
Michael Tomz
Mark L. J. Wright
Publication Date
February, 2013