Empirical Research on Sovereign Debt and Default

CAMA Working Paper Series Paper 16/2013

42 Pages Posted: 26 Mar 2013

See all articles by Michael Tomz

Michael Tomz

Stanford University

Mark L. J. Wright

Federal Reserve Banks - Federal Reserve Bank of Minneapolis

Multiple version iconThere are 4 versions of this paper

Date Written: March 26, 2013

Abstract

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.

Keywords: international relations, political economy, sovereign debt, sovereign default

JEL Classification: C82, E01, F21, F34, F51, F55, N20

Suggested Citation

Tomz, Michael and Wright, Mark L.J., Empirical Research on Sovereign Debt and Default (March 26, 2013). CAMA Working Paper Series Paper 16/2013. Available at SSRN: https://ssrn.com/abstract=2239522 or http://dx.doi.org/10.2139/ssrn.2239522

Michael Tomz (Contact Author)

Stanford University ( email )

Stanford, CA 94305
United States

Mark L.J. Wright

Federal Reserve Banks - Federal Reserve Bank of Minneapolis ( email )

90 Hennepin Avenue
Minneapolis, MN 55480
United States

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