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- W4246827483 abstract "The liabilities of sovereign states are not directly enforceable, for example by court-imposed transfer of collateral. Sovereign borrowing must be sustained by the prospect that indirect sanctions follow default. The credibility of sanctions for default and the roles of third parties and reputations for motivating repayment are discussed. The interaction of sovereignty and externalities between creditors complicates the renegotiation of sovereign debt. The importance of the collective action problem for debt restructuring is reviewed." @default.
- W4246827483 created "2022-05-12" @default.
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- W4246827483 date "2008-04-25" @default.
- W4246827483 modified "2023-09-28" @default.
- W4246827483 title "sovereign debt" @default.
- W4246827483 doi "https://doi.org/10.1057/9780230226203.1576" @default.
- W4246827483 hasPublicationYear "2008" @default.
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