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The Physical Consequences of Fiscal Flexibility: Sovereign Credit and Physical Integrity Rights

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  • Clay, K. Chad
  • Digiuseppe, Matthew R.

Abstract

Leaders are assumed to face fiscal constraints on their ability to remain in office by competitively distributing public and/or private goods. However, many leaders can relax this constraint by borrowing on sovereign credit markets. This article argues that states with the fiscal flexibility offered by favorable credit terms have the resources necessary to (1) respond to citizen demands with policies other than widespread repression and (2) avoid agency loss that may result in unauthorized repression by state agents. Empirical analyses indicate that creditworthy states have greater respect for physical integrity rights and are less likely to suffer diminished respect for those rights when facing violent dissent or negative shocks to government revenues.

Suggested Citation

  • Clay, K. Chad & Digiuseppe, Matthew R., 2017. "The Physical Consequences of Fiscal Flexibility: Sovereign Credit and Physical Integrity Rights," British Journal of Political Science, Cambridge University Press, vol. 47(4), pages 783-807, October.
    • Handle: RePEc:cup:bjposi:v:47:y:2017:i:04:p:783-807_00
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    Cited by:

    1. Sara Kahn-Nisser, 2021. "For better or worse: Shaming, faming, and human rights abuse," Journal of Peace Research, Peace Research Institute Oslo, vol. 58(3), pages 479-493, May.
    2. Patrick E. Shea & Paul Poast, 2018. "War and Default," Journal of Conflict Resolution, Peace Science Society (International), vol. 62(9), pages 1876-1904, October.

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