Empirical Research on Sovereign Debt and DefaultMichael Tomz, Mark L. J. Wright
NBER Working Paper No. 18855 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. You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.
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