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.
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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) |
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| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2014 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory J Political Science > JF Political institutions (General) J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 31 Mar 2017 09:56 |
| Last Modified: | 11 Dec 2024 13:54 |
| URI: | http://eprints.lse.ac.uk/id/eprint/71866 |
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