Sovereign debt defaults: insights from history

Kim Oosterlinck

Oxford Review of Economic Policy, 2013, vol. 29, issue 4, 697-714

Abstract: History provides many insights to address the issue of sovereign debt defaults. This article first presents a detailed account of defaults in historical perspective. It then discusses the solutions devised in the past to address sovereign debt crises and puts these into perspective with today’s answers when crises occur. Finally, the paper stresses the role of history when the events studied do not occur frequently and when archival data may shed new light on the process of the resolution of crises. The impact of odious debts declarations, of state succession, and of international relations on sovereign defaults and on their settlement is thus also addressed. Copyright 2013, Oxford University Press.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://hdl.handle.net/10.1093/oxrep/grt040 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Journal Article: Sovereign Debt Defaults: Insights from History (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:29:y:2013:i:4:p:697-714

Access Statistics for this article

Oxford Review of Economic Policy is currently edited by Christopher Adam

More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited
Bibliographic data for series maintained by Oxford University Press ().