Nber Working Paper Series Empirical Research on Sovereign Debt and Default

@inproceedings{Tomz2012NberWP,
  title={Nber Working Paper Series Empirical Research on Sovereign Debt and Default},
  author={Michael Tomz and Mark Lester Jason Wright},
  year={2012}
}
The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the theory of sovereign debt. One major theme emerges. Although recent research has sought to balance theoretical and empirical considerations, there remains a gap between theories of sovereign debt and the data… CONTINUE READING

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