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The Political Economy of Sovereign Default

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ISBN: 9782940503070 9782940503087 Year: Language: English
Publisher: Graduate Institute Publications
Added to DOAB on : 2017-10-09 11:02:38
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Abstract

What do self-interested governments’ needs to maintain loyal groups of supporters imply for sovereign incentives to repay debt? Many sovereign defaults have occurred at relatively low levels of debt, while some highly indebted nations continue to honour their obligations. This poses a problem for traditional models of sovereign debt, which rely on the threat of economic sanctions to explain why and when a representative agent seeking to maximise social welfare would choose debt-repayment. The...

Decentralisation Hybridized

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ISBN: 9782940503025 9782940503032 Year: Language: English
Publisher: Graduate Institute Publications
Added to DOAB on : 2017-10-09 11:02:38
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Abstract

South Sudan is undergoing a process of internationally-supported state building of which decentralisation forms part. For the people, decentralisation is understood as a right to self-rule based on native–stranger dichotomies and as a means of appropriating and incorporating an abstract and distant state into the local context. The South Sudanese government, in contrast, sees decentralisation primarily as a tool for service delivery and development. Conversely, the international community, in...

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2012 (2)