IDEAS home Printed from https://ideas.repec.org/a/eee/ecofin/v76y2025ics106294082400247x.html
   My bibliography  Save this article

A further examination of sovereign domestic and external debt defaults

Author

Listed:
  • Ghulam, Yaseen

Abstract

Theoretical and empirical studies have generally ignored interactions between political, economic and financial factors, in determining or predicting external sovereign debt defaults across geographic clusters. In addition, investigating and predicting defaults on domestic debt is relatively uncommon. This study looks into both domestic and external debt defaults of sovereign countries from diverse regions by interacting political, financial and economic factors and draws broad conclusions that domestic and sovereign debt defaults share some common features, although significant heterogeneities also exist. The findings of this study have significant policy implications in predicting and managing sovereign domestic and external debt defaults.

Suggested Citation

  • Ghulam, Yaseen, 2025. "A further examination of sovereign domestic and external debt defaults," The North American Journal of Economics and Finance, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:ecofin:v:76:y:2025:i:c:s106294082400247x
    DOI: 10.1016/j.najef.2024.102322
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S106294082400247X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.najef.2024.102322?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Sovereign debt; Default risk; Political factors; Volatility; Domestic public debt;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecofin:v:76:y:2025:i:c:s106294082400247x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620163 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.