Chwieroth, Jeffrey 
ORCID: 0000-0001-8965-0621, Simpson, Cohen R. and Walter, Andrew
(2015)
Default and political survival in networked democracies since 1870.
VoxEU.
Abstract
Many fear that a Greek default would lead voters elsewhere in Europe to favour default over austerity. This column argues that it is more likely to have the opposite effect. Network interdependencies among countries affect the domestic politics of default because defaults are both rare and vivid. Foreign default increases the propensity for voters to punish their governments for failing to repay external private creditors.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.voxeu.org/ |
| Additional Information: | © 2015 The Authors |
| Divisions: | International Relations Systemic Risk Centre |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 23 Sep 2015 08:52 |
| Last Modified: | 01 Oct 2024 03:42 |
| URI: | http://eprints.lse.ac.uk/id/eprint/63668 |
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