Cookies?
Library Header Image
LSE Research Online LSE Library Services

It’s time we reconsidered the principle that states must always repay their sovereign debt

Lienau, Odette (2014) It’s time we reconsidered the principle that states must always repay their sovereign debt. LSE European Politics and Policy (EUROPP) Blog (28 Jul 2014). Website.

[img]
Preview
PDF
Download (50kB) | Preview

Abstract

Is it true that states must always repay their sovereign debt – even after a major regime change – to maintain their future creditworthiness? Odette Lienau writes that this conventional wisdom on sovereign debt is overly simplistic and in some cases entirely wrong. She argues that the assumptions of political neutrality, creditor uniformity, and historical constancy, upon which this common narrative rests, do not stand up to closer inspection. This suggests that more flexibility exists in terms of our understanding of government debt and how the market determines creditworthiness.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2014 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 31 Mar 2017 09:56
Last Modified: 04 Jul 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/71866

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics