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Empirical Research on Sovereign Debt and Default

  • Michael Tomz
  • Mark L. J. Wright

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.

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Paper provided by Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University in its series CAMA Working Papers with number 2013-16.

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Length: 42 pages
Date of creation: Mar 2013
Date of revision:
Handle: RePEc:een:camaaa:2013-16
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