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Mark L.J. Wright
Federal Reserve Bank of Chicago, Chicago, IL, USA, University of California, Los Angeles, CA, USA
National Bureau of Economic Research, Cambridge, MA, USA
Why Do Countries Repay Their Debts?
Sovereign Immunity, Legal Sanctions, and Direct Punishments
Restrictions on Financial Market Access
Domestic Costs of Default
Why Do Countries Borrow So Much?
A Benchmark Model
Evaluating and Extending the Benchmark Model
Policy and Welfare
Rollover Risk and Self-Fulfilling Debt Crises
Debt Dilution and the Maturity of Sovereign Debts
Collective Action Problems in Debt Restructuring
The absence of a supranational legal system ...