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Credible commitments and constitutional constraints: state debt repudiation and default in nineteenth century America

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  • John Dove

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File URL: http://hdl.handle.net/10.1007/s10602-011-9114-z
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Bibliographic Info

Article provided by Springer in its journal Constitutional Political Economy.

Volume (Year): 23 (2012)
Issue (Month): 1 (March)
Pages: 66-93

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Handle: RePEc:kap:copoec:v:23:y:2012:i:1:p:66-93

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Web page: http://www.springerlink.com/link.asp?id=102866

Related research

Keywords: Sovereign debt; Default; Credible commitments; Constitutional constraints; D78; H63; H73; N41;

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References

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  1. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
  2. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64, pages 416.
  3. Frye, Timothy & Shleifer, Andrei, 1997. "The Invisible Hand and the Grabbing Hand," American Economic Review, American Economic Association, vol. 87(2), pages 354-58, May.
  4. Robert J. Barro & David B. Gordon, 1983. "A Positive Theory of Monetary Policy in a Natural-Rate Model," NBER Working Papers 0807, National Bureau of Economic Research, Inc.
  5. Wallis, John Joseph, 2005. "Constitutions, Corporations, and Corruption: American States and Constitutional Change, 1842 to 1852," The Journal of Economic History, Cambridge University Press, vol. 65(01), pages 211-256, March.
  6. North, Douglass C. & Weingast, Barry R., 1989. "Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England," The Journal of Economic History, Cambridge University Press, vol. 49(04), pages 803-832, December.
  7. John Joseph Wallis, 2000. "American Government Finance in the Long Run: 1790 to 1990," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 61-82, Winter.
  8. Robert P. Inman & Daniel L. Rubinfeld, 1997. "Rethinking Federalism," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 43-64, Fall.
  9. Diamond, Douglas W, 1989. "Reputation Acquisition in Debt Markets," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 828-62, August.
  10. Goodrich, Carter, 1950. "The Revulsion Against Internal Improvements," The Journal of Economic History, Cambridge University Press, vol. 10(02), pages 145-169, November.
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