Sovereign Debt, Austerity, and Regime Change

@article{Ban2012SovereignDA,
  title={Sovereign Debt, Austerity, and Regime Change},
  author={Cornel Ban},
  journal={East European Politics & Societies and Cultures},
  year={2012},
  volume={26},
  pages={743 - 776}
}
  • Cornel Ban
  • Published 2012
  • Political Science
  • East European Politics & Societies and Cultures
Historically, high sovereign debt and austerity policies have coincided with regime-changing popular uprisings. Nicolae Ceausescu’s Romania was no exception. Why, when faced with a sovereign debt crisis in the 1980s, did his regime choose to pay its foreign debt as early as possible, at the cost of economic recession and dramatically compressed consumption? How did these choices relate to the regime’s failure to survive the end of the decade? The article argues that while exogenous shocks… Expand
18 Citations

Figures from this paper

Dependent development at a crossroads? Romanian capitalism and its contradictions
  • 10
Sovereign Debt - Election Concerns and the Democratic Disadvantage
  • 3
  • PDF
The EU Factor in Fat Times and in Lean: Did the EU Amplify the Boom and Soften the Bust?†
  • 46
Restive Subjects: Russian Protest, 2007–2013
  • 1
The Romanian Revolution of 1989 and the Veracity of the External Subversion Theory
  • 1
From Region to Culture, from Culture to Class
  • 1
Voices of discontent: Student protest participation in Romania
  • 24
  • Highly Influenced
...
1
2
...

References

SHOWING 1-10 OF 68 REFERENCES
...
1
2
3
4
5
...